T-Mobile US (NASDAQ:TMUS) Trading Down 4% – Time to Sell?

T-Mobile US, Inc. (NASDAQ:TMUS) traded down 4% on Thursday . The stock traded as low as $170.15 and last traded at $169.2820. 2,164,016 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 5,539,699 shares. The stock had previously closed at $176.26.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TMUS. Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. Wells Fargo & Company decreased their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Scotiabank lowered their target price on shares of 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. Barclays cut their price target on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Finally, TD Cowen decreased their price objective on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday, July 24th. One 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’s stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Price Performance

The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a fifty day simple moving average of $181.78 and a 200 day simple moving average of $190.21. The company has a market capitalization of $180.29 billion, a PE ratio of 17.59, a P/E/G ratio of 1.16 and a beta of 0.34.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results 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. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. During the same period in the prior year, the business earned $2.84 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts anticipate that T-Mobile US, Inc. will post 10.82 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the sale, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Large investors have recently modified their holdings of the business. Lansforsakringar Fondforvaltning AB publ increased its holdings in T-Mobile US by 14.6% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock worth $39,354,000 after buying an additional 23,836 shares during the period. First National Bank of Mount Dora Trust Investment Services lifted its stake in T-Mobile US by 34.8% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider’s stock valued at $12,593,000 after acquiring an additional 15,495 shares during the period. Los Angeles Capital Management LLC lifted its stake in T-Mobile US by 32.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider’s stock valued at $62,370,000 after acquiring an additional 72,922 shares during the period. Liontrust Investment Partners LLP boosted its holdings in shares of T-Mobile US by 46.0% in the 1st quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider’s stock valued at $12,056,000 after acquiring an additional 18,075 shares during the last quarter. Finally, Entropy Technologies LP increased its stake in shares of T-Mobile US by 105.9% in the fourth quarter. Entropy Technologies LP now owns 36,117 shares of the Wireless communications provider’s stock worth $7,333,000 after acquiring an additional 18,573 shares during the period. Institutional investors own 42.49% of the company’s stock.

About T-Mobile US

T-Mobile US, Inc (NASDAQ: TMUS) 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 postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.