T-Mobile US (NASDAQ:TMUS) Stock Rating Lowered by KeyCorp

T-Mobile US (NASDAQ:TMUS - Get Free Report) was downgraded by stock analysts at KeyCorp from an "overweight" rating to a "sector weight" rating in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a $252.00 target price on the Wireless communications provider's stock. KeyCorp's price objective would indicate a potential upside of 7.98% from the stock's previous close.

A number of other research firms have also weighed in on TMUS. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Morgan Stanley upped their price objective on shares of T-Mobile US from $209.00 to $239.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Raymond James downgraded shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a report on Friday, October 25th. Oppenheimer boosted their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Scotiabank boosted their target price on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a "sector perform" rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $245.42.

T-Mobile US Trading Down 0.4 %

Shares of TMUS traded down $0.96 during trading hours on Thursday, reaching $233.38. 2,129,007 shares of the company traded hands, compared to its average volume of 4,351,082. The firm has a market cap of $270.84 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.24 and a beta of 0.53. T-Mobile US has a 12-month low of $153.84 and a 12-month high of $248.15. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock's fifty day moving average price is $229.60 and its 200 day moving average price is $202.22.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 earnings per share. Sell-side analysts forecast that T-Mobile US will post 9.38 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the transaction, the insider now owns 119,687 shares in the company, valued at $24,571,741.10. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 208,869 shares of company stock worth $47,018,239. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Trust Co. N.A. raised its stake in T-Mobile US by 9.8% in the 3rd quarter. Inspire Trust Co. N.A. now owns 11,512 shares of the Wireless communications provider's stock valued at $2,376,000 after purchasing an additional 1,026 shares during the last quarter. Old North State Trust LLC increased its stake in shares of T-Mobile US by 1.4% in the 3rd quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider's stock worth $751,000 after acquiring an additional 50 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock worth $1,448,426,000 after acquiring an additional 590,711 shares during the last quarter. Destination Wealth Management acquired a new stake in shares of T-Mobile US in the 3rd quarter worth $246,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of T-Mobile US in the 3rd quarter worth $1,375,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Company Profile

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.