T-Mobile US, Inc. (NASDAQ:TMUS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday, July 21st.
According to Zacks, “T-Mobile US posted impressive second-quarter 2017 financial results. We believe T-Mobile US' network expansion plans of 5G trials with Ericsson and Nokia, 4G LTE network improvement and expansion, deployment of LTE-U technology and unlimited ‘T-Mobile One’ plan have driven its 1.333 million net customers. Total customer base was 69.562 million, up 3.2% year over year. The company raised its outlook for 2017 on the back of huge subscriber gain. The company has decided to roll out 600 MHz wireless spectrum in its footprints and has conducted successful Narrowband Internet of Things (NB-IoT) tests live on its commercial network. Over the past three months, the stock price lagged the industry. Moreover, competitive and saturated wireless market and marketing costs of the low-priced promotional plans are major headwinds. Also, it faces increased scrutiny in its working conditions, lawsuits and fines by regulatory authorities.”
A number of other research analysts have also weighed in on TMUS. Wells Fargo & Company reissued an “outperform” rating on shares of T-Mobile US in a research report on Wednesday, June 28th. Robert W. Baird boosted their target price on shares of T-Mobile US from $64.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 26th. Instinet boosted their target price on shares of T-Mobile US from $62.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 26th. Drexel Hamilton started coverage on shares of T-Mobile US in a research report on Thursday, June 8th. They set a “buy” rating and a $80.00 target price for the company. Finally, Nomura reaffirmed a “hold” rating and set a $65.00 price objective on shares of T-Mobile US in a research report on Tuesday, April 25th. Eleven research 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 stock. T-Mobile US presently has a consensus rating of “Buy” and a consensus target price of $68.82.
Shares of T-Mobile US (NASDAQ TMUS) traded up 0.02% during mid-day trading on Friday, hitting $63.00. The stock had a trading volume of 1,419,593 shares. T-Mobile US has a one year low of $44.35 and a one year high of $68.88. The company has a market cap of $52.36 billion, a PE ratio of 26.69 and a beta of 0.49. The firm’s 50 day moving average price is $62.21 and its 200-day moving average price is $63.64.
T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.29. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $9.82 billion. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. On average, equities research analysts anticipate that T-Mobile US will post $2.29 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. GLG Partners LP boosted its stake in T-Mobile US by 0.3% in the second quarter. GLG Partners LP now owns 10,000 shares of the Wireless communications provider’s stock valued at $606,000 after buying an additional 31 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its stake in T-Mobile US by 0.7% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 4,992 shares of the Wireless communications provider’s stock valued at $322,000 after buying an additional 33 shares during the period. Ameritas Investment Partners Inc. boosted its stake in T-Mobile US by 0.6% in the first quarter. Ameritas Investment Partners Inc. now owns 14,863 shares of the Wireless communications provider’s stock valued at $960,000 after buying an additional 89 shares during the period. World Asset Management Inc boosted its stake in T-Mobile US by 1.3% in the second quarter. World Asset Management Inc now owns 12,868 shares of the Wireless communications provider’s stock valued at $780,000 after buying an additional 164 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its stake in T-Mobile US by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 58,413 shares of the Wireless communications provider’s stock valued at $3,541,000 after buying an additional 198 shares during the period. 35.89% of the stock is currently owned by institutional investors and hedge funds.
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