T-Mobile US Stock Falls Following Analysts’ Downgrades [Video]

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

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

T-Mobile “should continue to outpace its competitors from a subscriber and financial growth 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,” Wells Fargo said.  

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

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