TD Cowen Has Lowered Expectations for T-Mobile US (NASDAQ:TMUS) Stock Price

T-Mobile US (NASDAQ:TMUS) had its target price reduced by research analysts at TD Cowen from $260.00 to $258.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. TD Cowen‘s price objective indicates a potential upside of 73.95% from the stock’s current price.

A number of other brokerages have also recently commented on TMUS. KeyCorp reduced their price objective on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday. Scotiabank increased their target price on T-Mobile US from $212.00 to $214.00 and gave the stock a “sector outperform” rating in a report on Thursday. UBS Group reduced their price target on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research note on Monday, July 6th. Finally, Royal Bank Of Canada lowered 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 report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $241.79.

T-Mobile US Stock Up 0.2%

Shares of TMUS stock traded up $0.24 on Thursday, reaching $148.32. 3,608,260 shares of the company were exchanged, compared to its average volume of 5,690,916. The company has a market cap of $159.09 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 0.91 and a beta of 0.33. The company has a 50-day moving average of $168.32 and a 200-day moving average of $187.39. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US has a one year low of $143.75 and a one year high of $224.75.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.33. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. The business had revenue of $23.58 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the company posted $2.41 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that T-Mobile US will post 11.17 earnings per share for the current year.

Insider Activity

In related news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the sale, the chief accounting officer owned 35,118 shares in the company, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On T-Mobile US

Several large investors have recently bought and sold shares of TMUS. Essex Financial Services Inc. lifted its position in shares of T-Mobile US by 3.5% during the first quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock valued at $326,000 after purchasing an additional 53 shares in the last quarter. Sachetta LLC grew its position in T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 55 shares in the last quarter. Legacy Wealth Asset Management LLC grew its position in T-Mobile US by 1.2% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 4,844 shares of the Wireless communications provider’s stock worth $812,000 after purchasing an additional 56 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in T-Mobile US by 2.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 2,351 shares of the Wireless communications provider’s stock valued at $494,000 after buying an additional 60 shares during the last quarter. Finally, Heartland Bank & Trust Co increased its stake in T-Mobile US by 3.5% in the 1st quarter. Heartland Bank & Trust Co now owns 1,841 shares of the Wireless communications provider’s stock valued at $387,000 after buying an additional 62 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US News Roundup

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

• Positive Sentiment: Q3 results exceeded expectations: T-Mobile reported adjusted earnings of $3.22 per share versus the $2.89 consensus, while revenue reached $23.58 billion, up 7.4% year over year and above estimates. Net income reportedly rose 27% to $3.5 billion. Reuters earnings article
• Positive Sentiment: Customer quality and spending trends were favorable: Strong postpaid account growth, premium-plan adoption, higher average revenue per account and service-revenue growth supported profitability. Management raised its full-year free-cash-flow and EBITDA outlook, improving the investment case. Zacks earnings article
• Positive Sentiment: Analyst support remains strong: Scotiabank raised its price target to $214 and maintained a “sector outperform” rating. KeyCorp lowered its target to $240 but retained an “overweight” rating, leaving both targets well above the current trading level.
• Positive Sentiment: T-Mobile’s customizable T-Mix plans, network-quality recognition and continued 5G and broadband expansion could support customer retention and long-term growth.
• Neutral Sentiment: Leadership transition: Former CEO Mike Sievert is stepping down from T-Mobile’s board and vice-chair role in November. The planned transition appears orderly, but it removes a long-serving executive from board oversight. Board transition article
• Negative Sentiment: Management expects full-year postpaid account additions around the midpoint of its previous range and narrowed its profit forecast, tempering the otherwise strong earnings report.
• Negative Sentiment: The CEO ruled out an MVNO or other SpaceX partnership, while reports that Deutsche Telekom has slowed potential merger discussions add strategic uncertainty and remove possible near-term catalysts. SpaceX partnership article

T-Mobile US Company Profile

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.

The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.