Barclays Cuts T-Mobile US (NASDAQ:TMUS) Price Target to $200.00

T-Mobile US (NASDAQ:TMUS) had its target price lowered by equities research analysts at Barclays from $215.00 to $200.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the Wireless communications provider’s stock. Barclays‘s price target would indicate a potential upside of 20.16% from the company’s current price.

Several other equities analysts have also recently commented on TMUS. TD Cowen dropped their target price on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Moffett Nathanson lifted their price objective on shares of T-Mobile US from $242.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. Scotiabank cut their target price on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research note on Wednesday, July 15th. Finally, Benchmark reduced their target price on T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $248.88.

T-Mobile US Stock Up 0.6%

Shares of NASDAQ TMUS opened at $166.45 on Tuesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. T-Mobile US has a 52 week low of $161.14 and a 52 week high of $240.95. The stock has a market capitalization of $178.55 billion, a P/E ratio of 17.43, a PEG ratio of 1.06 and a beta of 0.34. The stock’s fifty day moving average is $178.02 and its 200 day moving average is $187.22.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.84 earnings per share. Sell-side analysts forecast that T-Mobile US will post 10.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the transaction, the chief accounting officer directly owned 35,118 shares in the company, valued at approximately $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TMUS. Essex Financial Services Inc. grew its holdings in T-Mobile US by 3.5% during the 1st quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock valued at $326,000 after buying an additional 53 shares during the last quarter. Wick Capital Partners LLC increased its position in T-Mobile US by 4.2% during the fourth quarter. Wick Capital Partners LLC now owns 1,355 shares of the Wireless communications provider’s stock worth $275,000 after buying an additional 55 shares in the last quarter. Sachetta LLC raised its holdings in shares of T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 55 shares during the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of T-Mobile US by 1.2% in the second quarter. Legacy Wealth Asset Management LLC now owns 4,844 shares of the Wireless communications provider’s stock worth $812,000 after acquiring an additional 56 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in T-Mobile US by 2.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 2,351 shares of the Wireless communications provider’s stock valued at $494,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

About T-Mobile US

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.