TD Cowen Lowers T-Mobile US (NASDAQ:TMUS) Price Target to $260.00

T-Mobile US (NASDAQ:TMUS) had its price target reduced by research analysts at TD Cowen from $261.00 to $260.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the Wireless communications provider’s stock. TD Cowen’s price objective would suggest a potential upside of 44.37% from the company’s previous close.

A number of other research analysts have also commented on the company. Benchmark decreased their price objective on T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Friday. Moffett Nathanson raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 target price for the company in a report on Wednesday, April 8th. Scotiabank dropped their target price on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a report on Wednesday, July 15th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $252.88.

T-Mobile US Trading Up 5.7%

Shares of NASDAQ:TMUS opened at $180.09 on Friday. T-Mobile US has a 12-month low of $165.66 and a 12-month high of $261.56. The stock has a market cap of $194.89 billion, a PE ratio of 18.86, a P/E/G ratio of 1.06 and a beta of 0.33. The business has a 50 day moving average of $184.53 and a 200-day moving average of $195.66. The company has a quick ratio of 0.97, a current ratio of 0.92 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.84 earnings per share. As a group, equities research analysts forecast that T-Mobile US will post 10.65 earnings per share for the current year.

Insiders Place Their Bets

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at $41,261,920. The trade was a 2.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida bought 5,097 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $196.18 per share, with a total value of $999,929.46. Following the completion of the transaction, the insider owned 44,850 shares in the company, valued at approximately $8,798,673. This trade represents a 12.82% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Main Street Group LTD acquired a new stake in T-Mobile US during the first quarter worth about $25,000. JDM Financial Group LLC raised its position in shares of 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 in the last quarter. Swiss RE Ltd. acquired a new position in shares of T-Mobile US in the 4th quarter valued at approximately $29,000. Turning Point Benefit Group Inc. lifted its holdings in shares of 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 period. Finally, Sachetta LLC lifted its holdings in shares of 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 period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Key T-Mobile US News

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.

T-Mobile US Company Profile

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.