Vetr cut shares of T-Mobile US Inc. (NASDAQ:TMUS) from a strong-buy rating to a buy rating in a research note issued to investors on Monday morning. The brokerage currently has $50.36 price objective on the stock.

Several other equities analysts also recently issued reports on TMUS. FBR & Co lifted their price target on shares of T-Mobile US from $40.00 to $48.00 and gave the company a market perform rating in a report on Friday, July 29th. BTIG Research lifted their price target on shares of T-Mobile US from $50.00 to $56.00 and gave the company a buy rating in a report on Tuesday, August 2nd. Barclays PLC lifted their price target on shares of T-Mobile US from $49.00 to $50.00 and gave the company an overweight rating in a report on Thursday, July 28th. Jefferies Group restated a buy rating and issued a $55.00 price objective on shares of T-Mobile US in a research report on Thursday, July 28th. Finally, Deutsche Bank AG raised their price objective on shares of T-Mobile US from $52.00 to $53.00 and gave the company a buy rating in a research report on Thursday, July 28th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $49.20.

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

T-Mobile US (NASDAQ:TMUS) traded down 1.3213% during mid-day trading on Monday, reaching $45.5402. 126,856 shares of the company traded hands. The stock’s 50-day moving average price is $46.34 and its 200-day moving average price is $43.42. The firm has a market cap of $37.47 billion, a PE ratio of 35.0309 and a beta of 0.51. T-Mobile US has a one year low of $33.23 and a one year high of $48.11.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm earned $9.20 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts forecast that T-Mobile US will post $1.32 earnings per share for the current fiscal year.

In other news, CFO J Braxton Carter II sold 50,000 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $47.95, for a total value of $2,397,500.00. Following the completion of the transaction, the chief financial officer now owns 239,971 shares of the company’s stock, valued at $11,506,609.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Christopher Keys sold 14,700 shares of the stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $47.11, for a total transaction of $692,517.00. Following the completion of the transaction, the insider now directly owns 355,876 shares of the company’s stock, valued at approximately $16,765,318.36. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Junto Capital Management LP bought a new position in T-Mobile US during the first quarter worth approximately $31,310,000. Strs Ohio raised its position in shares of T-Mobile US by 106.8% in the second quarter. Strs Ohio now owns 799,735 shares of the company’s stock worth $34,604,000 after buying an additional 413,087 shares during the period. Royal Bank of Canada raised its position in shares of T-Mobile US by 84.5% in the first quarter. Royal Bank of Canada now owns 539,418 shares of the company’s stock worth $20,659,000 after buying an additional 246,987 shares during the period. Geode Capital Management LLC raised its position in shares of T-Mobile US by 2.0% in the first quarter. Geode Capital Management LLC now owns 1,937,905 shares of the company’s stock worth $74,182,000 after buying an additional 38,059 shares during the period. Finally, Nationwide Fund Advisors raised its position in shares of T-Mobile US by 0.3% in the second quarter. Nationwide Fund Advisors now owns 266,600 shares of the company’s stock worth $11,536,000 after buying an additional 800 shares during the period. 34.17% of the stock is owned by hedge funds and other institutional investors.

5 Day Chart for NASDAQ:TMUS

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