T-Mobile US, Inc. (NASDAQ:TMUS)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group LLC in a research report issued to clients and investors on Saturday. They currently have a $80.00 target price on the Wireless communications provider’s stock. Jefferies Group LLC’s price target indicates a potential upside of 27.84% from the stock’s current price.
Several other analysts have also recently commented on the company. Cowen and Company reiterated an “outperform” rating and issued a $70.00 target price on shares of T-Mobile US in a report on Saturday. Zacks Investment Research upgraded T-Mobile US from a “sell” rating to a “hold” rating in a report on Friday. Deutsche Bank AG reiterated a “hold” rating and issued a $70.00 target price (up from $69.00) on shares of T-Mobile US in a report on Friday, July 14th. Wells Fargo & Company reiterated an “outperform” rating on shares of T-Mobile US in a report on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating on shares of T-Mobile US in a report on Wednesday, June 28th. Twelve analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. T-Mobile US presently has an average rating of “Buy” and an average price target of $68.29.
Shares of T-Mobile US (NASDAQ:TMUS) opened at 62.58 on Friday. The firm has a market capitalization of $52.01 billion, a P/E ratio of 26.52 and a beta of 0.51. The company has a 50 day moving average of $62.85 and a 200-day moving average of $63.09. T-Mobile US has a 12 month low of $44.29 and a 12 month high of $68.88.
T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, beating 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 business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. Analysts predict that T-Mobile US will post $2.30 EPS for the current year.
Several institutional investors have recently modified their holdings of the company. Barometer Capital Management Inc. raised its position in shares of T-Mobile US by 61.8% in the first quarter. Barometer Capital Management Inc. now owns 126,725 shares of the Wireless communications provider’s stock worth $8,185,000 after buying an additional 48,425 shares during the last quarter. DnB Asset Management AS raised its position in shares of T-Mobile US by 14.8% in the first quarter. DnB Asset Management AS now owns 57,315 shares of the Wireless communications provider’s stock worth $3,702,000 after buying an additional 7,400 shares during the last quarter. Winslow Evans & Crocker Inc. raised its position in shares of T-Mobile US by 145.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 7,678 shares of the Wireless communications provider’s stock worth $496,000 after buying an additional 4,544 shares during the last quarter. Inverness Counsel LLC NY purchased a new position in shares of T-Mobile US during the first quarter worth $8,585,000. Finally, Capstone Asset Management Co. raised its position in shares of T-Mobile US by 16.9% in the first quarter. Capstone Asset Management Co. now owns 7,748 shares of the Wireless communications provider’s stock worth $500,000 after buying an additional 1,120 shares during the last quarter. 36.69% of the stock is currently owned by institutional investors.
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