T-Mobile US (NASDAQ:TMUS) Cut to “Equal Weight” at Wells Fargo & Company

T-Mobile US (NASDAQ:TMUS) was downgraded by equities research analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a report released on Monday,Briefing.com Automated Import reports. They currently have a $220.00 price objective on the Wireless communications provider’s stock, down from their previous price objective of $240.00. Wells Fargo & Company‘s price target suggests a potential upside of 0.41% from the company’s current price.

TMUS has been the topic of several other reports. Tigress Financial boosted their price objective on shares of T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Scotiabank boosted their target price on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Evercore ISI raised their price target on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen upped their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, UBS Group upped their target price on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $245.74.

T-Mobile US Price Performance

Shares of TMUS opened at $219.11 on Monday. The company has a 50 day moving average of $231.53 and a 200-day moving average of $208.11. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $254.27 billion, a P/E ratio of 24.98, a P/E/G ratio of 1.18 and a beta of 0.56. T-Mobile US has a twelve month low of $158.84 and a twelve month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.82 EPS. As a group, equities research analysts forecast that T-Mobile US will post 9.38 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now owns 61,871 shares of the company’s stock, valued at $13,380,222.46. The trade was a 40.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 206,969 shares of company stock valued at $46,656,527 in the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Nordea Investment Management AB grew its position in shares of T-Mobile US by 36.9% during the 4th quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock worth $324,960,000 after buying an additional 397,345 shares during the period. Everence Capital Management Inc. increased its stake in T-Mobile US by 22.1% during the 4th quarter. Everence Capital Management Inc. now owns 13,760 shares of the Wireless communications provider’s stock valued at $3,037,000 after purchasing an additional 2,490 shares in the last quarter. Centre Asset Management LLC lifted its stake in shares of T-Mobile US by 7.5% in the fourth quarter. Centre Asset Management LLC now owns 7,489 shares of the Wireless communications provider’s stock valued at $1,653,000 after buying an additional 522 shares in the last quarter. GAMMA Investing LLC lifted its position in T-Mobile US by 12.0% in the 4th quarter. GAMMA Investing LLC now owns 10,390 shares of the Wireless communications provider’s stock valued at $2,293,000 after acquiring an additional 1,114 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of T-Mobile US by 21.1% during the fourth quarter. Versant Capital Management Inc now owns 368 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 64 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

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.