Key Takeaways T-Mobile US shares fell after a pair of analysts downgraded the stock and cut their price targets.Wells Fargo noted that T-Mobile's subscriber growth is slowing, even though it still outpaces rivals AT&T and Verizon Communications.

On the charts, T-Mobile stock is headed for its fifth loss in the last six sessions as it falls further from a Nov. 27 record high of $248.15. The shares today dipped below their 120-day moving average, which provided support April-May, for the first time since October 2023. Year over year, the equity is up 29.3%.

Inc. fell on Monday following a double downgrade by RBC Capital Markets and Wells Fargo (NYSE:WFC), both of which expressed concerns about the wireless carrier's valuation and