Barclays PLC reiterated their overweight rating on shares of T-Mobile US, Inc. (NASDAQ:TMUS) in a report issued on Saturday morning. The brokerage currently has a $73.00 price target on the Wireless communications provider’s stock, up from their previous price target of $70.00.
A number of other brokerages also recently issued reports on TMUS. Royal Bank Of Canada restated a buy rating and set a $76.00 price target on shares of T-Mobile US in a report on Friday, June 2nd. J P Morgan Chase & Co restated an overweight rating and set a $71.00 price target on shares of T-Mobile US in a report on Wednesday, April 26th. Robert W. Baird boosted their price target on T-Mobile US from $64.00 to $68.00 and gave the company a neutral rating in a report on Wednesday, April 26th. Oppenheimer Holdings, Inc. restated an outperform rating and set a $75.00 price target (up previously from $70.00) on shares of T-Mobile US in a report on Wednesday, April 26th. Finally, Jefferies Group LLC boosted their price target on T-Mobile US from $71.00 to $80.00 and gave the company a buy rating in a report on Tuesday, April 25th. Twelve equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $68.29.
Shares of T-Mobile US (NASDAQ:TMUS) traded up 2.39% during midday trading on Friday, hitting $62.58. The stock had a trading volume of 6,980,090 shares. The firm’s 50-day moving average price is $62.85 and its 200-day moving average price is $63.09. The stock has a market cap of $52.01 billion, a price-to-earnings ratio of 26.52 and a beta of 0.51. T-Mobile US has a 1-year low of $44.29 and a 1-year high of $68.88.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.29. T-Mobile US had a return on equity of 8.81% and a net margin of 5.19%. The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter in the previous year, the business earned $0.25 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts forecast that T-Mobile US will post $2.23 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Proficio Capital Partners LLC boosted its stake in shares of T-Mobile US by 23.8% in the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 306 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of T-Mobile US by 64.8% in the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock worth $112,000 after buying an additional 680 shares in the last quarter. D. Scott Neal Inc. bought a new stake in shares of T-Mobile US during the second quarter worth approximately $116,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of T-Mobile US by 62.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,950 shares of the Wireless communications provider’s stock worth $126,000 after buying an additional 750 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its stake in shares of T-Mobile US by 233.3% in the first quarter. NEXT Financial Group Inc now owns 2,000 shares of the Wireless communications provider’s stock worth $135,000 after buying an additional 1,400 shares in the last quarter. 36.69% of the stock is currently owned by hedge funds and other institutional investors.
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