T-Mobile US (NASDAQ:TMUS) Price Target Lowered to $250.00 at KeyCorp

T-Mobile US (NASDAQ:TMUS) had its price target cut by KeyCorp from $260.00 to $250.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the Wireless communications provider’s stock.

Other equities analysts have also recently issued research reports about the company. Barclays cut their price objective on T-Mobile US from $245.00 to $230.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Royal Bank Of Canada cut their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Bank of America raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Monday, July 6th. Scotiabank reduced their price objective on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 15th. Finally, Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $252.88.

T-Mobile US Price Performance

Shares of TMUS stock opened at $180.09 on Friday. The firm’s 50 day moving average price is $184.53 and its two-hundred day moving average price is $195.66. The stock has a market cap of $194.89 billion, a PE ratio of 18.86, a PEG ratio of 1.01 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.97 and a current ratio of 0.92. T-Mobile US has a 52-week low of $165.66 and a 52-week high of $261.56.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. During the same quarter last year, the business earned $2.84 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. As a group, analysts forecast that T-Mobile US will post 10.53 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio is currently 42.72%.

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the sale, the insider directly owned 181,930 shares in the company, valued at approximately $35,623,713.30. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Andre Almeida purchased 5,097 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the acquisition, the insider directly owned 44,850 shares in the company, valued at $8,798,673. The trade was a 12.82% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Main Street Group LTD acquired a new stake in shares of T-Mobile US during the first quarter valued at about $25,000. JDM Financial Group LLC raised its holdings in T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares during the last quarter. Swiss RE Ltd. acquired a new stake in T-Mobile US during the 4th quarter worth approximately $29,000. Turning Point Benefit Group Inc. grew its holdings in T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after acquiring an additional 153 shares during the last quarter. Finally, Sachetta LLC grew its holdings in T-Mobile US by 52.9% during the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Trending Headlines about T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile beat second-quarter profit expectations, with adjusted EPS of $2.99, helped by strong service revenue and customers moving to higher-priced premium plans.
• Positive Sentiment: The company raised its full-year free cash flow outlook, which is a key bullish signal for investors because it supports dividends, buybacks, and financial flexibility.
• Positive Sentiment: T-Mobile continued its share repurchase program, including a multibillion-dollar buyback tranche, reinforcing management’s confidence in cash generation.
• Positive Sentiment: Several analysts remain constructive even after trimming price targets, with multiple firms still rating the stock Buy or Overweight.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.