Wells Fargo & Company Lowers T-Mobile US (NASDAQ:TMUS) Price Target to $225.00

T-Mobile US (NASDAQ:TMUS) had its target price dropped by equities research analysts at Wells Fargo & Company from $260.00 to $225.00 in a research note issued on Monday, Marketbeat.com reports. The firm presently has an “overweight” rating on the Wireless communications provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 21.96% from the company’s current price.

A number of other research firms have also weighed in on TMUS. Barclays reissued a “buy” rating on shares of T-Mobile US in a report on Tuesday, January 13th. BNP Paribas Exane decreased their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Royal Bank Of Canada dropped their price objective on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Finally, Sanford C. Bernstein decreased their price target on shares of T-Mobile US from $265.00 to $245.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.36.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $184.49 on Monday. The business’s 50 day moving average price is $198.93 and its two-hundred day moving average price is $221.74. The company has a market cap of $206.35 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 1.03 and a beta of 0.45. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US has a twelve month low of $181.36 and a twelve month high of $276.49.

Insider Activity

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $210.32, for a total transaction of $306,436.24. Following the sale, the director directly owned 5,438 shares in the company, valued at $1,143,720.16. This represents a 21.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director G Michael Sievert sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the transaction, the director owned 308,696 shares of the company’s stock, valued at $66,977,771.12. The trade was a 6.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 51,457 shares of company stock worth $11,149,636. 0.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Large investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of T-Mobile US during the 2nd quarter worth $1,477,780,000. Wellington Management Group LLP raised its stake in T-Mobile US by 47.5% during the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after acquiring an additional 4,335,368 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of T-Mobile US by 2,303.2% in the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after acquiring an additional 1,878,654 shares during the last quarter. Viking Global Investors LP boosted its stake in shares of T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after purchasing an additional 1,279,422 shares in the last quarter. Finally, Amundi grew its holdings in shares of T-Mobile US by 44.6% during the 3rd quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock valued at $924,380,000 after purchasing an additional 1,266,808 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Company Profile

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.