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

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

Several other brokerages have also recently issued reports on TMUS. Tigress Financial increased their price objective on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Raymond James increased their price objective 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. Morgan Stanley increased their price objective 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. Citigroup increased their price objective on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Finally, Royal Bank of Canada raised their price target on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday. One 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. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $186.33.

T-Mobile US Trading Down 0.1 %

NASDAQ:TMUS traded down $0.17 during trading hours on Friday, reaching $163.88. 4,655,832 shares of the stock were exchanged, compared to its average volume of 4,517,134. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average of $162.44 and a two-hundred day moving average of $156.81. T-Mobile US has a twelve month low of $124.92 and a twelve month high of $168.64. The company has a market capitalization of $194.50 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 0.68 and a beta of 0.49.

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

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $162.58, for a total transaction of $30,836,548.60. Following the sale, the director now owns 678,865,721 shares in the company, valued at $110,369,988,920.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $162.58, for a total value of $30,836,548.60. Following the transaction, the director now owns 678,865,721 shares in the company, valued at approximately $110,369,988,920.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the transaction, the insider now owns 125,687 shares in the company, valued at approximately $20,514,632.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,800,979 shares of company stock worth $940,632,554. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors and hedge funds have recently added to or reduced their stakes in TMUS. SYSTM Wealth Solutions LLC boosted its stake in shares of T-Mobile US by 9.3% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 4,926 shares of the Wireless communications provider’s stock worth $804,000 after acquiring an additional 421 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in shares of T-Mobile US during the 1st quarter worth approximately $446,000. MONECO Advisors LLC boosted its stake in shares of T-Mobile US by 14.5% during the 1st quarter. MONECO Advisors LLC now owns 2,286 shares of the Wireless communications provider’s stock worth $373,000 after acquiring an additional 290 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of T-Mobile US by 34.8% during the 1st quarter. Verdence Capital Advisors LLC now owns 5,409 shares of the Wireless communications provider’s stock worth $883,000 after acquiring an additional 1,396 shares in the last quarter. Finally, Tritonpoint Wealth LLC boosted its stake in shares of T-Mobile US by 4.4% during the 1st quarter. Tritonpoint Wealth LLC now owns 1,770 shares of the Wireless communications provider’s stock worth $265,000 after acquiring an additional 75 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, 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.