T-Mobile US (NASDAQ:TMUS) Price Target Lowered to $202.00 at TD Cowen

T-Mobile US (NASDAQ:TMUS) had its target price lowered by stock analysts at TD Cowen from $204.00 to $202.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. TD Cowen’s price target would suggest a potential upside of 23.20% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Tigress Financial boosted their price objective on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of T-Mobile US in a research report on Friday, January 26th. KeyCorp boosted their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Citigroup boosted their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, March 25th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $186.33.

T-Mobile US Trading Down 0.1 %

Shares of TMUS opened at $163.96 on Friday. The company’s fifty day moving average is $162.51 and its 200 day moving average is $157.08. T-Mobile US has a fifty-two week low of $124.92 and a fifty-two week high of $168.64. The stock has a market capitalization of $194.60 billion, a PE ratio of 22.31, a P/E/G ratio of 0.68 and a beta of 0.49. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.45%. The company had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. During the same quarter in the previous year, the business posted $1.58 earnings per share. T-Mobile US’s quarterly revenue was down .2% on a year-over-year basis. Sell-side analysts expect that T-Mobile US will post 8.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $161.40, for a total value of $31,458,474.00. Following the completion of the sale, the director now directly owns 689,541,011 shares of the company’s stock, valued at $111,291,919,175.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Michael J. Katz sold 6,655 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the sale, the insider now directly owns 126,616 shares of the company’s stock, valued at $20,414,297.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 194,910 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $161.40, for a total transaction of $31,458,474.00. Following the sale, the director now directly owns 689,541,011 shares of the company’s stock, valued at $111,291,919,175.40. The disclosure for this sale can be found here. Insiders sold a total of 6,180,319 shares of company stock valued at $1,002,629,987 over the last three months. 0.70% of the stock is owned by company insiders.

Institutional Trading of T-Mobile US

Hedge funds have recently modified their holdings of the company. Financial Counselors Inc. purchased a new stake in shares of T-Mobile US during the third quarter valued at about $218,000. Caprock Group LLC lifted its position in shares of T-Mobile US by 105.8% during the fourth quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock valued at $3,698,000 after buying an additional 11,854 shares during the last quarter. Cerity Partners LLC lifted its position in shares of T-Mobile US by 136.8% during the fourth quarter. Cerity Partners LLC now owns 62,967 shares of the Wireless communications provider’s stock valued at $10,096,000 after buying an additional 36,374 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of T-Mobile US by 31.4% during the fourth quarter. Pacer Advisors Inc. now owns 107,660 shares of the Wireless communications provider’s stock valued at $17,261,000 after buying an additional 25,700 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of T-Mobile US by 11.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 237,481 shares of the Wireless communications provider’s stock valued at $38,075,000 after buying an additional 24,412 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other 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; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.