T-Mobile US, Inc. (TMUS) Price Target Lowered to $65.00 at Deutsche Bank AG
T-Mobile US, Inc. (NASDAQ:TMUS) had its target price lowered by Deutsche Bank AG from $70.00 to $65.00 in a report issued on Tuesday morning. The firm currently has a hold rating on the Wireless communications provider’s stock.
Several other research firms have also commented on TMUS. Robert W. Baird reaffirmed a hold rating and set a $70.00 price target on shares of T-Mobile US in a research report on Wednesday, October 4th. BidaskClub lowered shares of T-Mobile US from a hold rating to a sell rating in a research report on Saturday, September 30th. Barclays PLC reaffirmed an overweight rating and set a $73.00 price target (up previously from $70.00) on shares of T-Mobile US in a research report on Saturday, July 22nd. Jefferies Group LLC reissued a buy rating and issued a $80.00 target price on shares of T-Mobile US in a research report on Thursday, September 7th. Finally, UBS AG reissued a buy rating and issued a $80.00 target price on shares of T-Mobile US in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. T-Mobile US currently has an average rating of Buy and an average target price of $70.02.
Shares of T-Mobile US (NASDAQ TMUS) traded up 0.220% during midday trading on Tuesday, hitting $61.365. The stock had a trading volume of 279,789 shares. T-Mobile US has a 52-week low of $45.07 and a 52-week high of $68.88. The firm’s 50 day moving average price is $62.93 and its 200 day moving average price is $63.84. The firm has a market cap of $51.00 billion, a price-to-earnings ratio of 26.002 and a beta of 0.40.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.29. The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.82 billion. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 EPS. On average, equities research analysts expect that T-Mobile US will post $2.27 earnings per share for the current year.
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Hedge funds have recently modified their holdings of the stock. Proficio Capital Partners LLC grew its stake in shares of T-Mobile US by 23.8% during the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock worth $108,000 after purchasing an additional 306 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of T-Mobile US by 64.8% during the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock worth $112,000 after purchasing an additional 680 shares in the last quarter. Barrett Asset Management LLC acquired a new position in shares of T-Mobile US during the second quarter worth $110,000. Smithfield Trust Co. grew its stake in shares of T-Mobile US by 1,513.6% during the second quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock worth $115,000 after purchasing an additional 1,786 shares in the last quarter. Finally, D. Scott Neal Inc. acquired a new position in shares of T-Mobile US during the second quarter worth $116,000. Hedge funds and other institutional investors own 34.77% 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.
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