TD Cowen Trims T-Mobile US (NASDAQ:TMUS) Target Price to $202.00

T-Mobile US (NASDAQ:TMUS) had its target price lowered by equities researchers at TD Cowen from $204.00 to $202.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the Wireless communications provider’s stock. TD Cowen’s price objective indicates a potential upside of 23.26% from the stock’s current price.

Several other research firms also recently issued reports on TMUS. Raymond James lifted their price target on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Friday, January 26th. KeyCorp lifted their price target on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday. Oppenheimer reissued an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a research note on Wednesday, April 3rd. Finally, Morgan Stanley lifted their price target on T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $186.33.

T-Mobile US Trading Down 0.1 %

Shares of TMUS traded down $0.17 on Friday, reaching $163.88. 4,655,832 shares of the company’s stock were exchanged, compared to its average volume of 4,517,134. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $194.50 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 0.68 and a beta of 0.49. The business has a 50 day moving average price of $162.44 and a two-hundred day moving average price of $156.81. T-Mobile US has a 12 month low of $124.92 and a 12 month high of $168.64.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $1.58 earnings per share. Research analysts anticipate that T-Mobile US will post 8.83 earnings per share for the current year.

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the sale, the insider now owns 125,687 shares in the company, valued at $20,514,632.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the sale, the insider now owns 125,687 shares in the company, valued at $20,514,632.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Teresa Taylor sold 12,022 shares of T-Mobile US stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the completion of the sale, the director now owns 13,014 shares of the company’s stock, valued at $2,105,665.20. The disclosure for this sale can be found here. Insiders sold a total of 5,800,979 shares of company stock worth $940,632,554 over the last quarter. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TMUS. Financial Counselors Inc. bought a new position in shares of T-Mobile US in the 3rd quarter valued at $218,000. Caprock Group LLC lifted its stake in shares of T-Mobile US by 105.8% in the 4th quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock valued at $3,698,000 after acquiring an additional 11,854 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of T-Mobile US by 136.8% in the 4th quarter. Cerity Partners LLC now owns 62,967 shares of the Wireless communications provider’s stock valued at $10,096,000 after acquiring an additional 36,374 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in T-Mobile US by 11.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 237,481 shares of the Wireless communications provider’s stock valued at $38,075,000 after purchasing an additional 24,412 shares during the period. Finally, STF Management LP increased its holdings in T-Mobile US by 150.7% in the third quarter. STF Management LP now owns 19,321 shares of the Wireless communications provider’s stock valued at $2,706,000 after purchasing an additional 11,614 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Company Profile

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.