T-Mobile US (NASDAQ:TMUS) Price Target Cut to $275.00 by Analysts at BNP Paribas Exane

T-Mobile US (NASDAQ:TMUS) had its target price cut by analysts at BNP Paribas Exane from $300.00 to $275.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The brokerage currently has an “outperform” rating on the Wireless communications provider’s stock. BNP Paribas Exane’s price target would indicate a potential upside of 47.60% from the stock’s current price.

TMUS has been the topic of several other reports. Daiwa Capital Markets cut their price objective on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Sanford C. Bernstein cut their price target on T-Mobile US from $265.00 to $245.00 and set a “market perform” rating on the stock in a report on Thursday. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Finally, Oppenheimer cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, November 21st. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $257.76.

T-Mobile US Price Performance

TMUS opened at $186.32 on Friday. T-Mobile US has a 12 month low of $185.18 and a 12 month high of $276.49. The company has a fifty day simple moving average of $202.79 and a 200 day simple moving average of $224.38. The stock has a market cap of $208.40 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.05 and a beta of 0.45. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period in the previous year, the firm earned $2.61 EPS. T-Mobile US’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, research analysts expect that T-Mobile US will post 10.37 EPS for the current year.

Insiders Place Their Bets

In related news, insider Michael J. Katz sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the transaction, the insider directly owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. The trade was a 1.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Srini Gopalan purchased 9,800 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were acquired at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the acquisition, the chief executive officer directly owned 90,258 shares in the company, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 335,193 shares of company stock worth $74,665,129 in the last three months. 0.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

Large investors have recently modified their holdings of the stock. Weaver Capital Management LLC grew its stake in T-Mobile US by 0.6% in the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock valued at $1,605,000 after buying an additional 42 shares during the last quarter. Haven Private LLC lifted its position in T-Mobile US by 1.3% during the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after acquiring an additional 42 shares during the last quarter. Bank of Stockton grew its position in shares of T-Mobile US by 1.2% in the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock valued at $906,000 after purchasing an additional 44 shares during the last quarter. Richardson Financial Services Inc. increased its stake in shares of T-Mobile US by 0.9% during the second quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock worth $1,183,000 after purchasing an additional 45 shares during the period. Finally, Cetera Trust Company N.A lifted its holdings in T-Mobile US by 0.4% during the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock worth $2,863,000 after purchasing an additional 45 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

About T-Mobile US

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.