Sanford C. Bernstein Lowers T-Mobile US (NASDAQ:TMUS) Price Target to $245.00

T-Mobile US (NASDAQ:TMUS) had its target price decreased by equities research analysts at Sanford C. Bernstein from $265.00 to $245.00 in a research note issued on Thursday, MarketBeat reports. The firm currently has a “market perform” rating on the Wireless communications provider’s stock. Sanford C. Bernstein’s price target would suggest a potential upside of 31.49% from the company’s previous close.

Several other analysts also recently weighed in on TMUS. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. UBS Group reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, December 10th. Raymond James Financial raised shares of T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Wolfe Research decreased their price target on shares of T-Mobile US from $290.00 to $253.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Finally, Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $259.56.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $186.32 on Thursday. T-Mobile US has a 12 month low of $185.18 and a 12 month high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The firm has a market capitalization of $208.40 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.05 and a beta of 0.45. The business’s fifty day moving average price is $202.79 and its 200 day moving average price is $224.38.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping 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 business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the previous year, the firm earned $2.61 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts anticipate that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 1,374 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the transaction, the director owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. The trade was a 0.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the transaction, the insider directly owned 156,203 shares in the company, valued at $33,725,789.73. This represents a 1.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 335,193 shares of company stock valued at $74,665,129 over the last 90 days. Insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its position in shares of T-Mobile US by 14.2% during the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock worth $1,556,000 after buying an additional 810 shares during the period. NorthCrest Asset Manangement LLC acquired a new position in T-Mobile US during the 2nd quarter worth approximately $284,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of T-Mobile US by 7.8% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock worth $49,014,000 after acquiring an additional 14,800 shares in the last quarter. Associated Banc Corp raised its holdings in shares of T-Mobile US by 50.6% in the second quarter. Associated Banc Corp now owns 25,903 shares of the Wireless communications provider’s stock valued at $6,172,000 after purchasing an additional 8,700 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its holdings in T-Mobile US by 930.5% during the second quarter. OMERS ADMINISTRATION Corp now owns 195,267 shares of the Wireless communications provider’s stock worth $46,524,000 after purchasing an additional 176,319 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

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.