KeyCorp Has Lowered Expectations for T-Mobile US (NASDAQ:TMUS) Stock Price

T-Mobile US (NASDAQ:TMUS) had its price target lowered by KeyCorp from $260.00 to $250.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the Wireless communications provider’s stock. KeyCorp’s price target suggests a potential upside of 38.82% from the company’s current price.

TMUS has been the topic of a number of other reports. UBS Group cut their target price on T-Mobile US from $300.00 to $255.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research note on Monday, July 6th. Freedom Capital upgraded T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $252.88.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $180.09 on Friday. The firm has a 50 day moving average of $184.53 and a 200-day moving average of $195.66. The stock has a market capitalization of $194.89 billion, a PE ratio of 18.86, a PEG ratio of 1.06 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.97 and a debt-to-equity ratio of 1.48. T-Mobile US has a 12 month low of $165.66 and a 12 month high of $261.56.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $2.84 earnings per share. On average, equities research analysts predict that T-Mobile US will post 10.65 EPS for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In related news, insider Andre Almeida acquired 5,097 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the purchase, the insider owned 44,850 shares of the company’s stock, valued at $8,798,673. This represents a 12.82% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the sale, the insider directly owned 181,930 shares of the company’s stock, valued at $35,623,713.30. The trade was a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.32% of the company’s stock.

Institutional Trading of T-Mobile US

Large investors have recently made changes to their positions in the stock. Ballast Inc. increased its holdings in T-Mobile US by 37.0% in the 2nd quarter. Ballast Inc. now owns 8,367 shares of the Wireless communications provider’s stock valued at $1,403,000 after acquiring an additional 2,258 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of T-Mobile US by 0.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 80,474 shares of the Wireless communications provider’s stock valued at $13,498,000 after purchasing an additional 483 shares during the last quarter. Accel Wealth Management bought a new position in shares of T-Mobile US during the 2nd quarter valued at about $245,000. Heck Capital Advisors LLC grew its position in shares of T-Mobile US by 47.1% during the second quarter. Heck Capital Advisors LLC now owns 4,338 shares of the Wireless communications provider’s stock valued at $728,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Tema ETFs LLC grew its position in shares of T-Mobile US by 24.6% during the second quarter. Tema ETFs LLC now owns 9,314 shares of the Wireless communications provider’s stock valued at $1,562,000 after purchasing an additional 1,837 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US News Roundup

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile beat second-quarter profit expectations, with adjusted EPS of $2.99, helped by strong service revenue and customers moving to higher-priced premium plans.
• Positive Sentiment: The company raised its full-year free cash flow outlook, which is a key bullish signal for investors because it supports dividends, buybacks, and financial flexibility.
• Positive Sentiment: T-Mobile continued its share repurchase program, including a multibillion-dollar buyback tranche, reinforcing management’s confidence in cash generation.
• Positive Sentiment: Several analysts remain constructive even after trimming price targets, with multiple firms still rating the stock Buy or Overweight.

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.