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

T-Mobile US (NASDAQ:TMUS) had its price objective dropped by stock analysts at Argus from $275.00 to $245.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Argus’ price target indicates a potential upside of 25.44% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. Wolfe Research decreased their price target on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Benchmark lifted their target price on T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Barclays cut their target price on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. JPMorgan Chase & Co. increased their price target on T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Finally, HSBC raised T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target on the stock in a research note on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $265.17.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $195.32 on Tuesday. T-Mobile US has a 52 week low of $194.89 and a 52 week high of $276.49. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The stock has a market cap of $218.47 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.29 and a beta of 0.44. The company’s 50-day moving average price is $215.14 and its two-hundred day moving average price is $231.29.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same quarter last year, the firm posted $2.61 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, sell-side analysts anticipate that T-Mobile US will post 10.37 EPS for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,452 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $240.65, for a total value of $15,510,373.80. Following the completion of the sale, the director directly owned 634,821,326 shares of the company’s stock, valued at $152,769,752,101.90. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 1,301,598 shares of company stock valued at $300,561,785. 0.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. AIA Group Ltd increased its stake in shares of T-Mobile US by 616.7% in the first quarter. AIA Group Ltd now owns 11,137 shares of the Wireless communications provider’s stock worth $2,970,000 after acquiring an additional 9,583 shares during the last quarter. Core Wealth Partners LLC grew its stake in T-Mobile US by 6.0% in the first quarter. Core Wealth Partners LLC now owns 1,060 shares of the Wireless communications provider’s stock valued at $283,000 after purchasing an additional 60 shares in the last quarter. Stone House Investment Management LLC purchased a new position in T-Mobile US in the first quarter valued at about $29,000. Anfield Capital Management LLC increased its position in T-Mobile US by 1,164.6% in the 1st quarter. Anfield Capital Management LLC now owns 5,678 shares of the Wireless communications provider’s stock worth $1,514,000 after purchasing an additional 5,229 shares during the last quarter. Finally, Rathbones Group PLC purchased a new stake in shares of T-Mobile US during the 1st quarter worth about $214,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.