T-Mobile US, Inc. (NASDAQ:TMUS)‘s stock had its “hold” rating reissued by stock analysts at Deutsche Bank AG in a research note issued to investors on Friday. They currently have a $70.00 price target on the Wireless communications provider’s stock. Deutsche Bank AG’s price objective would indicate a potential upside of 11.57% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 price objective on shares of T-Mobile US in a research report on Thursday. Cowen and Company reissued a “buy” rating and issued a $70.00 price objective on shares of T-Mobile US in a research report on Friday, August 25th. BidaskClub raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. William Blair reissued a “buy” rating on shares of T-Mobile US in a research report on Saturday, July 22nd. Finally, UBS AG reissued a “buy” rating and issued a $80.00 price objective on shares of T-Mobile US in a research report on Saturday, July 22nd. Eleven investment 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 stock. The stock presently has a consensus rating of “Buy” and an average price target of $70.06.

Shares of T-Mobile US (NASDAQ TMUS) traded down 0.95% during mid-day trading on Friday, reaching $62.74. 2,236,307 shares of the company’s stock traded hands. The firm has a market capitalization of $52.14 billion, a price-to-earnings ratio of 26.58 and a beta of 0.47. The stock has a 50-day moving average price of $63.34 and a 200 day moving average price of $63.85. T-Mobile US has a 12-month low of $44.35 and a 12-month high of $68.88.

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

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. OZ Management LP raised its stake in shares of T-Mobile US by 35.7% during the 2nd quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock worth $105,083,000 after acquiring an additional 455,847 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of T-Mobile US by 11.8% during the 2nd quarter. APG Asset Management N.V. now owns 3,555,136 shares of the Wireless communications provider’s stock worth $215,512,000 after acquiring an additional 376,200 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of T-Mobile US by 2,770.0% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 143,500 shares of the Wireless communications provider’s stock worth $9,279,000 after acquiring an additional 138,500 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of T-Mobile US by 9.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 67,600 shares of the Wireless communications provider’s stock worth $4,098,000 after acquiring an additional 5,900 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of T-Mobile US by 3,877.3% during the 2nd quarter. Prudential Financial Inc. now owns 1,587,360 shares of the Wireless communications provider’s stock worth $96,226,000 after acquiring an additional 1,547,450 shares in the last quarter. Hedge funds and other institutional investors own 34.72% of the company’s stock.

About T-Mobile US

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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