Benchmark Issues Pessimistic Forecast for T-Mobile US (NASDAQ:TMUS) Stock Price

T-Mobile US (NASDAQ:TMUS) had its price target dropped by analysts at Benchmark from $295.00 to $280.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Benchmark’s price target indicates a potential upside of 64.30% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. TD Cowen lifted their price target on T-Mobile US from $252.00 to $261.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. UBS Group cut their price target on T-Mobile US from $300.00 to $255.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Finally, DZ Bank reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. One investment 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.56.

T-Mobile US Stock Down 10.7%

Shares of TMUS opened at $170.42 on Friday. The stock has a fifty day moving average of $184.63 and a 200-day moving average of $195.77. T-Mobile US has a 52 week low of $165.66 and a 52 week high of $261.56. The stock has a market capitalization of $184.43 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.13 and a beta of 0.33. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The business 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 19.47% and a net margin of 11.65%.T-Mobile US’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.84 earnings per share. As a group, sell-side analysts anticipate that T-Mobile US will post 10.53 earnings per share for the current fiscal year.

Insider Transactions at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares in the company, valued at approximately $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Katz sold 5,000 shares of the stock in a transaction 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 $35,623,713.30. This trade represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.32% of the stock is owned by insiders.

Hedge Funds Weigh In On T-Mobile US

Several large investors have recently made changes to their positions in TMUS. JDM Financial Group LLC lifted its holdings 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 acquiring an additional 65 shares during the last quarter. Main Street Group LTD purchased a new position in T-Mobile US in the 1st quarter worth about $25,000. Swiss RE Ltd. bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $29,000. Turning Point Benefit Group Inc. lifted its holdings in shares of T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after buying an additional 153 shares during the period. Finally, Sachetta LLC increased its position in T-Mobile US by 52.9% during the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 55 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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 above estimates, and raised its full-year adjusted free cash flow forecast as more customers migrated to premium plans. Reuters article
• Positive Sentiment: Service revenue and postpaid growth remained strong, with the company highlighting continued account growth, higher postpaid ARPA, and industry-leading service revenue growth. Business Wire article
• Positive Sentiment: Several analysts reiterated a favorable view, with average coverage now pointing to a “Moderate Buy” rating for T-Mobile US. Analyst rating article
• Neutral Sentiment: The company’s revenue came in slightly below Wall Street expectations, and that modest miss appears to be overshadowing the otherwise strong earnings report. Barron’s article
• Negative Sentiment: Stock declines were tied to investor concern that subscriber gains are slowing, which could signal tougher growth ahead despite the improved guidance. Bloomberg article

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.