T-Mobile US Inc. (NASDAQ:TMUS)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Group in a note issued to investors on Tuesday. They presently have a $55.00 price target on the stock. Jefferies Group’s price objective points to a potential upside of 17.32% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on TMUS. FBR & Co increased their target price on shares of T-Mobile US from $40.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. BTIG Research increased their price target on shares of T-Mobile US from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Barclays PLC increased their price target on shares of T-Mobile US from $49.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, July 28th. Deutsche Bank AG increased their price target on shares of T-Mobile US from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Finally, Citigroup Inc. increased their price target on shares of T-Mobile US from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $49.12.

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

Shares of T-Mobile US (NASDAQ:TMUS) traded up 0.354% during midday trading on Tuesday, hitting $47.046. 316,751 shares of the stock were exchanged. The firm has a market cap of $38.71 billion, a P/E ratio of 36.189 and a beta of 0.51. The stock’s 50 day moving average is $46.42 and its 200 day moving average is $43.10. T-Mobile US has a 12-month low of $33.23 and a 12-month high of $48.11.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. T-Mobile US had a net margin of 3.36% and a return on equity of 6.77%. The company earned $9.20 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts forecast that T-Mobile US will post $1.30 earnings per share for the current fiscal year.

In other T-Mobile US news, CFO J Braxton Carter II sold 8,550 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $44.75, for a total value of $382,612.50. Following the completion of the transaction, the chief financial officer now directly owns 189,971 shares of the company’s stock, valued at $8,501,202.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David A. Miller sold 10,000 shares of the business’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $44.00, for a total transaction of $440,000.00. Following the completion of the transaction, the executive vice president now directly owns 119,816 shares of the company’s stock, valued at $5,271,904. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Pictet Asset Management Ltd. increased its position in shares of T-Mobile US by 2.1% in the first quarter. Pictet Asset Management Ltd. now owns 101,850 shares of the company’s stock worth $3,779,000 after buying an additional 2,100 shares in the last quarter. State Street Corp increased its position in shares of T-Mobile US by 2.0% in the first quarter. State Street Corp now owns 4,921,358 shares of the company’s stock worth $188,487,000 after buying an additional 97,507 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of T-Mobile US by 179.1% in the first quarter. Canada Pension Plan Investment Board now owns 285,000 shares of the company’s stock worth $10,916,000 after buying an additional 182,900 shares in the last quarter. Credit Agricole S A increased its position in shares of T-Mobile US by 0.3% in the first quarter. Credit Agricole S A now owns 1,384,851 shares of the company’s stock worth $53,040,000 after buying an additional 4,682 shares in the last quarter. Finally, ING Groep NV increased its position in shares of T-Mobile US by 16.7% in the first quarter. ING Groep NV now owns 108,990 shares of the company’s stock worth $4,175,000 after buying an additional 15,587 shares in the last quarter. 34.17% of the stock is owned by institutional investors.

5 Day Chart for NASDAQ:TMUS

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