T-Mobile US (NASDAQ:TMUS – Get Free Report) had its price target decreased by equities research analysts at Barclays from $230.00 to $215.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the Wireless communications provider’s stock. Barclays‘s target price would suggest a potential upside of 19.92% from the stock’s previous close.
TMUS has been the topic of several other reports. Royal Bank Of Canada dropped their target price on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday. Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price objective on the stock in a research note on Wednesday, April 8th. Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Benchmark decreased 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. Finally, Wells Fargo & Company began coverage on T-Mobile US in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $170.00 target price on the stock. 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $252.96.
Check Out Our Latest Stock Analysis on TMUS
T-Mobile US Stock Performance
T-Mobile US (NASDAQ:TMUS – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The firm had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the business posted $2.84 EPS. On average, equities analysts forecast that T-Mobile US will post 10.53 EPS for the current fiscal year.
Insider Buying and Selling at T-Mobile US
In related news, insider Andre Almeida acquired 5,097 shares of the company’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $196.18 per share, with a total value of $999,929.46. Following the acquisition, the insider directly owned 44,850 shares of the company’s stock, valued at approximately $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the transaction, 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 position. The disclosure for this sale is available in the SEC filing. 0.32% of the stock is currently owned by insiders.
Hedge Funds Weigh In On T-Mobile US
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JDM Financial Group LLC raised its holdings in shares of T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Main Street Group LTD purchased a new position in shares of T-Mobile US in the first quarter valued at $25,000. Swiss RE Ltd. bought a new stake in T-Mobile US in the fourth quarter worth $29,000. Turning Point Benefit Group Inc. increased its position in 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 purchasing an additional 153 shares during the last quarter. Finally, Sachetta LLC raised its stake in T-Mobile US by 52.9% during the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 55 shares in the last quarter. 42.49% of the stock is owned by institutional investors.
Key Headlines Impacting T-Mobile US
Here are the key news stories impacting T-Mobile US this week:
- Positive Sentiment: T-Mobile beat Q2 earnings estimates, with EPS of $2.99 versus $2.59 expected, helped by strong postpaid service revenue and customers moving to higher-priced premium plans. Reuters article
- Positive Sentiment: The company raised its full-year adjusted free cash flow outlook and continued buying back stock, which supports valuation and signals management confidence. Yahoo Finance article
- Positive Sentiment: Several analysts still rate TMUS favorably despite trimming price targets, with Benchmark and KeyCorp maintaining Buy/Overweight-type ratings after the quarter. Benzinga article
- Neutral Sentiment: T-Mobile’s Q2 revenue came in slightly below expectations, which is weighing on the stock even though profitability improved. Barron’s article
- Neutral Sentiment: Coverage remains constructive overall, with analysts averaging a “Moderate Buy” view after the earnings release. American Banking News article
- Negative Sentiment: Investor concern appears centered on slower subscriber gains and the revenue shortfall overshadowing the earnings beat, leading to a post-earnings selloff in TMUS. Yahoo Finance article
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.
Featured Stories
- Five stocks we like better than T-Mobile US
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
- Freeport McMoRan Post-Earnings: Why Good Enough May Finally Be Good Enough
Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.
