T-Mobile US, Inc. (TMUS) Receives $71.03 Consensus PT from Analysts
Shares of T-Mobile US, Inc. (NASDAQ:TMUS) have been assigned an average recommendation of “Buy” from the twenty-nine ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $71.03.
A number of research analysts have recently weighed in on TMUS shares. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 price target on shares of T-Mobile US in a research note on Saturday, July 22nd. Cowen and Company reaffirmed a “buy” rating and set a $70.00 price objective on shares of T-Mobile US in a research note on Friday, August 25th. BidaskClub raised T-Mobile US from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. William Blair reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Saturday, July 22nd. Finally, UBS AG reaffirmed a “buy” rating and set a $80.00 price objective on shares of T-Mobile US in a research note on Saturday, July 22nd.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Proficio Capital Partners LLC grew its holdings in shares of T-Mobile US by 23.8% in the 1st quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock valued at $108,000 after acquiring an additional 306 shares in the last quarter. Barrett Asset Management LLC bought a new position in shares of T-Mobile US in the 2nd quarter valued at about $110,000. Fifth Third Bancorp grew its holdings in shares of T-Mobile US by 64.8% in the 1st quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock valued at $112,000 after acquiring an additional 680 shares in the last quarter. Smithfield Trust Co. grew its holdings in shares of T-Mobile US by 1,513.6% in the 2nd quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock valued at $115,000 after acquiring an additional 1,786 shares in the last quarter. Finally, D. Scott Neal Inc. bought a new position in shares of T-Mobile US in the 2nd quarter valued at about $116,000. Institutional investors own 34.76% of the company’s stock.
Shares of T-Mobile US (NASDAQ:TMUS) traded down 1.71% during midday trading on Thursday, hitting $60.46. The stock had a trading volume of 3,796,166 shares. The stock has a market capitalization of $50.25 billion, a price-to-earnings ratio of 25.62 and a beta of 0.40. T-Mobile US has a 52 week low of $46.58 and a 52 week high of $68.88. The stock has a 50 day moving average price of $62.25 and a 200-day moving average price of $63.65.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, beating the Zacks’ 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 return on equity of 8.66% and a net margin of 5.19%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 EPS. Equities research analysts anticipate that T-Mobile US will post $2.28 earnings per share for the current year.
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.
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