T-Mobile US, Inc. (NASDAQ:TMUS)‘s stock had its “buy” rating reissued by stock analysts at Cowen and Company in a report issued on Friday.

TMUS has been the topic of several other reports. Zacks Investment Research cut T-Mobile US from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $76.00 price target on shares of T-Mobile US in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 price target on shares of T-Mobile US in a research note on Saturday, July 22nd. Barclays PLC reaffirmed an “overweight” rating and issued a $73.00 price target (up from $70.00) on shares of T-Mobile US in a research note on Saturday, July 22nd. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $69.00 price target on shares of T-Mobile US in a research note on Friday, June 23rd. Eleven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $69.40.

T-Mobile US (TMUS) opened at 63.74 on Friday. T-Mobile US has a 52 week low of $44.35 and a 52 week high of $68.88. The firm has a 50-day moving average of $62.68 and a 200-day moving average of $63.72. The company has a market cap of $52.97 billion, a price-to-earnings ratio of 27.01 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.29. The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share. Equities analysts forecast that T-Mobile US will post $2.29 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of TMUS. GLG Partners LP boosted its stake in shares of 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 worth $606,000 after buying an additional 31 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of 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 worth $322,000 after buying an additional 33 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of 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 worth $960,000 after buying an additional 89 shares during the last quarter. World Asset Management Inc boosted its stake 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. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of 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 worth $3,541,000 after buying an additional 198 shares during the last quarter. Institutional investors and hedge funds own 35.89% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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

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