Wells Fargo & Company Lowers T-Mobile US (NASDAQ:TMUS) Price Target to $169.00

T-Mobile US (NASDAQ:TMUS) had its price objective dropped by equities research analysts at Wells Fargo & Company from $170.00 to $169.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the Wireless communications provider’s stock. Wells Fargo & Company‘s target price would suggest a potential downside of 6.16% from the stock’s current price.

TMUS has been the subject of several other reports. Benchmark dropped their target price on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Friday. UBS Group decreased their price target on shares of T-Mobile US from $300.00 to $255.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Weiss Ratings cut shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. Finally, Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 target price for the company in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $252.88.

T-Mobile US Stock Performance

Shares of TMUS opened at $180.09 on Friday. The company has a market cap of $194.89 billion, a PE ratio of 18.86, a price-to-earnings-growth 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. The stock has a 50-day moving average price of $184.53 and a 200-day moving average price of $195.66. 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 issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.T-Mobile US’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.84 earnings per share. As a group, equities analysts forecast that T-Mobile US will post 10.65 earnings per share for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Andre Almeida purchased 5,097 shares of the firm’s stock in a transaction on 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. The trade was a 12.82% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Katz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Large investors have recently added to or reduced their stakes in the business. JDM Financial Group LLC boosted its position in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares during the period. Main Street Group LTD bought a new position in shares of T-Mobile US during the first quarter valued at about $25,000. Swiss RE Ltd. purchased a new position in shares of T-Mobile US in the fourth quarter worth about $29,000. Turning Point Benefit Group Inc. increased its holdings in shares of T-Mobile US by 3,825.0% in the fourth 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 lifted its stake in shares of T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Key Headlines Impacting T-Mobile US

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.