T-Mobile US (NASDAQ:TMUS) Price Target Cut to $172.00

T-Mobile US (NASDAQ:TMUS) had its price target cut by Raymond James from $184.00 to $172.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “strong-buy” rating on the Wireless communications provider’s stock. Raymond James’ price objective would suggest a potential upside of 24.97% from the company’s current price.

Several other research analysts also recently commented on the stock. Royal Bank of Canada dropped their price objective on shares of T-Mobile US from $172.00 to $163.00 and set an “outperform” rating for the company in a report on Friday, August 4th. TD Cowen increased their price objective on shares of T-Mobile US from $197.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, July 28th. StockNews.com assumed coverage on shares of T-Mobile US in a report on Thursday, August 17th. They set a “hold” rating for the company. HSBC dropped their price objective on shares of T-Mobile US from $185.00 to $165.00 in a report on Monday, June 5th. Finally, Barclays upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $181.95.

T-Mobile US Trading Up 0.3 %

Shares of T-Mobile US stock opened at $137.63 on Friday. The company has a market capitalization of $161.92 billion, a P/E ratio of 27.42 and a beta of 0.55. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.77 and a current ratio of 0.82. The company has a fifty day moving average of $137.86 and a 200 day moving average of $139.98. T-Mobile US has a fifty-two week low of $124.92 and a fifty-two week high of $154.38.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, July 27th. The Wireless communications provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.15. The company had revenue of $19.20 billion during the quarter, compared to the consensus estimate of $19.36 billion. T-Mobile US had a net margin of 7.82% and a return on equity of 9.02%. T-Mobile US’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. On average, sell-side analysts anticipate that T-Mobile US will post 7.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Raul Marcelo Claure sold 192,600 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $130.01, for a total value of $25,039,926.00. Following the sale, the director now directly owns 1,844,088 shares of the company’s stock, valued at approximately $239,749,880.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other T-Mobile US news, Director Raul Marcelo Claure sold 192,600 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $130.01, for a total value of $25,039,926.00. Following the transaction, the director now directly owns 1,844,088 shares in the company, valued at approximately $239,749,880.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jon Freier sold 15,000 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the transaction, the insider now owns 190,901 shares in the company, valued at $26,726,140. The disclosure for this sale can be found here. Insiders have sold 227,600 shares of company stock valued at $29,906,726 in the last ninety days. 0.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds have recently added to or reduced their stakes in the stock. Ronald Blue Trust Inc. boosted its stake in shares of T-Mobile US by 2.6% during the first quarter. Ronald Blue Trust Inc. now owns 11,196 shares of the Wireless communications provider’s stock valued at $1,567,000 after purchasing an additional 279 shares in the last quarter. Perpetual Ltd bought a new position in shares of T-Mobile US during the first quarter valued at approximately $260,000. Vontobel Holding Ltd. boosted its stake in shares of T-Mobile US by 84.5% during the first quarter. Vontobel Holding Ltd. now owns 110,931 shares of the Wireless communications provider’s stock valued at $16,067,000 after purchasing an additional 50,797 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of T-Mobile US by 7.6% during the first quarter. Oppenheimer & Co. Inc. now owns 43,857 shares of the Wireless communications provider’s stock valued at $6,352,000 after purchasing an additional 3,116 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in shares of T-Mobile US by 4.9% during the first quarter. Toth Financial Advisory Corp now owns 7,941 shares of the Wireless communications provider’s stock valued at $1,150,000 after purchasing an additional 370 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; leasing through JUMP! On Demand; and High Speed Internet services.