T-Mobile US (NASDAQ:TMUS – Get Rating)‘s stock had its “buy” rating reaffirmed by investment analysts at Credit Suisse Group in a note issued to investors on Friday, TipRanks reports. They currently have a $165.00 target price on the Wireless communications provider’s stock. Credit Suisse Group’s target price suggests a potential upside of 32.75% from the stock’s previous close.
TMUS has been the topic of a number of other research reports. Citigroup lifted their price target on shares of T-Mobile US from $155.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, March 14th. TheStreet upgraded shares of T-Mobile US from a “c+” rating to a “b-” rating in a report on Thursday, March 3rd. Royal Bank of Canada set a $152.00 target price on shares of T-Mobile US in a report on Thursday, February 3rd. JPMorgan Chase & Co. set a $175.00 target price on shares of T-Mobile US in a report on Thursday, February 3rd. Finally, The Goldman Sachs Group set a $153.00 target price on shares of T-Mobile US in a report on Thursday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $160.14.
Shares of NASDAQ TMUS traded down $1.40 during midday trading on Friday, reaching $124.29. 5,135,506 shares of the company were exchanged, compared to its average volume of 5,005,338. The stock’s 50-day moving average price is $120.17 and its 200-day moving average price is $119.34. The stock has a market cap of $155.27 billion, a P/E ratio of 51.57, a PEG ratio of 10.03 and a beta of 0.50. T-Mobile US has a one year low of $101.51 and a one year high of $150.20. The company has a quick ratio of 0.78, a current ratio of 0.89 and a debt-to-equity ratio of 1.05.
T-Mobile US (NASDAQ:TMUS – Get Rating) last posted its earnings results on Wednesday, February 2nd. The Wireless communications provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.94. The firm had revenue of $20.79 billion for the quarter, compared to analysts’ expectations of $21.12 billion. T-Mobile US had a net margin of 3.78% and a return on equity of 6.18%. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, equities research analysts anticipate that T-Mobile US will post 2.51 EPS for the current year.
In related news, insider Neville R. Ray sold 120,000 shares of the company’s stock in a transaction that occurred on Thursday, February 3rd. The shares were sold at an average price of $120.40, for a total transaction of $14,448,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.69% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of TMUS. Benjamin Edwards Inc. purchased a new stake in T-Mobile US in the 3rd quarter worth approximately $25,000. Key Financial Inc lifted its stake in T-Mobile US by 162.5% in the 3rd quarter. Key Financial Inc now owns 210 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 130 shares in the last quarter. Charter Oak Capital Management LLC purchased a new stake in T-Mobile US in the 4th quarter worth approximately $29,000. Wolff Wiese Magana LLC increased its holdings in shares of T-Mobile US by 324.3% in the 4th quarter. Wolff Wiese Magana LLC now owns 297 shares of the Wireless communications provider’s stock worth $34,000 after buying an additional 227 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new position in shares of T-Mobile US in the 3rd quarter worth $35,000. Institutional investors and hedge funds own 43.87% of the company’s stock.
About T-Mobile US (Get Rating)
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.
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