T-Mobile US’s (TMUS) “Buy” Rating Reaffirmed at Royal Bank Of Canada
T-Mobile US, Inc. (NASDAQ:TMUS)‘s stock had its “buy” rating reissued by stock analysts at Royal Bank Of Canada in a report released on Tuesday. They presently have a $76.00 price target on the Wireless communications provider’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 23.54% from the company’s current price.
Several other equities research analysts have also recently weighed in on TMUS. Drexel Hamilton began coverage on T-Mobile US in a research note on Thursday, June 8th. They set a “buy” rating and a $80.00 target price for the company. BidaskClub upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Cowen and Company reiterated a “buy” rating and issued a $70.00 price target on shares of T-Mobile US in a research note on Friday, August 25th. Credit Suisse Group reissued a “hold” rating and set a $69.00 price objective on shares of T-Mobile US in a report on Friday, June 23rd. Finally, Jefferies Group LLC reissued a “buy” rating and set a $80.00 price objective on shares of T-Mobile US in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $70.15.
Shares of T-Mobile US (TMUS) opened at 61.52 on Tuesday. T-Mobile US has a 52 week low of $44.91 and a 52 week high of $68.88. The stock has a market cap of $51.13 billion, a price-to-earnings ratio of 26.18 and a beta of 0.40. The stock’s 50 day moving average price is $63.24 and its 200-day moving average price is $63.91.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.29. The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. T-Mobile US’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 EPS. Equities analysts anticipate that T-Mobile US will post $2.29 earnings per share 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 lifted its position in T-Mobile US by 35.7% in the second quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock valued at $105,083,000 after purchasing an additional 455,847 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in T-Mobile US by 6.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock valued at $1,742,000 after purchasing an additional 1,789 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in T-Mobile US by 1,887.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,053,568 shares of the Wireless communications provider’s stock valued at $63,865,000 after purchasing an additional 1,000,552 shares in the last quarter. Arizona State Retirement System purchased a new stake in T-Mobile US in the 2nd quarter valued at approximately $1,390,000. Finally, APG Asset Management N.V. boosted its holdings in T-Mobile US by 11.8% in the 2nd quarter. APG Asset Management N.V. now owns 3,555,136 shares of the Wireless communications provider’s stock valued at $215,512,000 after purchasing an additional 376,200 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.
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.
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