T-Mobile US Inc (NASDAQ:TMUS)‘s stock had its “conviction-buy” rating restated by analysts at Goldman Sachs Group, Inc. (The) in a research note issued on Wednesday, June 28th.
TMUS has been the subject of a number of other reports. J P Morgan Chase & Co restated an “overweight” rating and set a $71.00 price objective on shares of T-Mobile US in a research report on Wednesday, April 26th. SunTrust Banks, Inc. initiated coverage on shares of T-Mobile US in a report on Tuesday, April 18th. They set a “buy” rating and a $76.00 target price for the company. Barclays PLC upped their target price on shares of T-Mobile US from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, March 20th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $75.00 target price (up previously from $70.00) on shares of T-Mobile US in a report on Wednesday, April 26th. Finally, Pacific Crest upped their price objective on shares of T-Mobile US from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Twelve analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $68.82.
T-Mobile US (NASDAQ TMUS) traded up 0.26% on Wednesday, hitting $61.78. 2,809,930 shares of the stock were exchanged. T-Mobile US has a 12 month low of $44.35 and a 12 month high of $68.88. The company has a 50-day moving average of $62.05 and a 200 day moving average of $63.25. The firm has a market cap of $51.34 billion, a P/E ratio of 26.18 and a beta of 0.51.
T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.29. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.82 billion. During the same period in the previous year, the business posted $0.25 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. Equities research analysts expect that T-Mobile US will post $2.33 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the company. IPG Investment Advisors LLC bought a new position in T-Mobile US during the second quarter valued at approximately $326,000. World Asset Management Inc raised its position in shares of 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 worth $780,000 after buying an additional 164 shares during the last quarter. Accuvest Global Advisors increased its position in shares of T-Mobile US by 15.9% in the second quarter. Accuvest Global Advisors now owns 8,326 shares of the Wireless communications provider’s stock worth $505,000 after buying an additional 1,144 shares during the last quarter. Exchange Capital Management Inc. bought a new position in shares of T-Mobile US during the second quarter worth approximately $2,180,000. Finally, CIBC Asset Management Inc increased its position in shares of T-Mobile US by 8.5% in the second quarter. CIBC Asset Management Inc now owns 62,314 shares of the Wireless communications provider’s stock worth $3,777,000 after buying an additional 4,874 shares during the last quarter. 36.74% of the stock is currently owned by hedge funds and other institutional investors.
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