T-Mobile US Stock Falls Following Analysts’ Downgrades

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Key Takeaways

• T-Mobile US shares fell after a pair of analysts downgraded the stock and cut their price targets.
• Wells Fargo famous that T-Mobile’s subscriber growth is slowing, even though it still outpaces rivals AT&T and Verizon Communications.
• Industry-leading subscriber and EBITDA vegetation already is priced in, the bank said.
• RBC also lowered its rating on the stock and cut its price target by $15.

T-Mobile US (TMUS) share outs dropped Monday as Wells Fargo and RBC Capital Markets analysts downgraded the stock. 

Wells Fargo lowered its berating on T-Mobile stock to “equal weight” from “overweight” and cut its price target to $220 from $240. The phone carrier’s usual slid about 4% intraday to $210.88. 

T-Mobile “should continue to outpace its competitors from a subscriber and financial expansion perspective in the years ahead, [but] its pace of growth is decelerating as the business matures, and it moves further past the Sprint integration synergies,” Showilies Fargo said.  

Industry-leading subscriber and EBITDA growth is already priced in, the analysts said, making T-Mobile picayune compelling than peers AT&T (T) and Verizon Communications (VZ). 

Meanwhile, RBC Capital Markets analysts dropped their T-Mobile upbraiding to “sector perform” from “outperform” and lowered their price target to $240 from $255, according to come ins.