T-Mobile US (NASDAQ:TMUS) Price Target Cut to $212.00 by Analysts at Scotiabank

T-Mobile US (NASDAQ:TMUS) had its price target lowered by Scotiabank from $217.00 to $212.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “sector outperform” rating on the Wireless communications provider’s stock. Scotiabank’s target price would suggest a potential upside of 23.75% from the stock’s previous close.

Several other brokerages also recently weighed in on TMUS. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research report on Monday, July 6th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research report on Monday, September 28th. Benchmark cut their price target on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. UBS Group cut their price target on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Finally, TD Cowen reduced their price target on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $247.64.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $171.31 on Friday. The stock’s 50-day simple moving average is $175.51 and its 200-day simple moving average is $184.59. The firm has a market capitalization of $183.76 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.05 and a beta of 0.33. T-Mobile US has a fifty-two week low of $160.81 and a fifty-two week high of $231.02. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The firm had revenue of $22.79 billion during 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 quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.84 earnings per share. As a group, equities research analysts forecast that T-Mobile US will post 11.09 EPS for the current fiscal 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 shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the sale, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. This represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Several hedge funds have recently modified their holdings of TMUS. BlackRock Inc. purchased a new position in T-Mobile US in the second quarter valued at about $6,625,275,000. State Street Corp boosted its stake in shares of T-Mobile US by 4.3% during the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after acquiring an additional 1,047,624 shares in the last quarter. Invesco Ltd. grew its holdings in shares of T-Mobile US by 10.5% in the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock worth $1,772,638,000 after acquiring an additional 827,381 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $839,194,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in T-Mobile US by 13.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,958,610 shares of the Wireless communications provider’s stock valued at $1,006,796,000 after purchasing an additional 582,964 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Company Profile

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.