Cowen and Company restated their buy rating on shares of T-Mobile US, Inc. (NASDAQ:TMUS) in a report issued on Tuesday, October 17th. The firm currently has a $70.00 target price on the Wireless communications provider’s stock.
A number of other research analysts also recently issued reports on the company. Deutsche Bank AG reiterated a hold rating and issued a $70.00 price target (up from $69.00) on shares of T-Mobile US in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) reissued a conviction-buy rating on shares of T-Mobile US in a research report on Wednesday, June 28th. Zacks Investment Research raised T-Mobile US from a sell rating to a hold rating in a research report on Friday, July 21st. 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, September 7th. Finally, 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. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. T-Mobile US currently has a consensus rating of Buy and an average target price of $70.03.
T-Mobile US (TMUS) traded down $3.37 on Tuesday, reaching $55.54. The company’s stock had a trading volume of 14,476,605 shares, compared to its average volume of 4,261,824. The stock has a market cap of $49,011.00, a P/E ratio of 26.66, a P/E/G ratio of 1.29 and a beta of 0.29. T-Mobile US has a one year low of $48.79 and a one year high of $68.88. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.80.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.17. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The business had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the business posted $0.27 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. equities analysts anticipate that T-Mobile US will post 2.33 EPS for the current year.
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Large investors have recently bought and sold shares of the stock. OZ Management LP increased its holdings 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 buying an additional 455,847 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of T-Mobile US by 6.6% during the second quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock worth $1,742,000 after purchasing an additional 1,789 shares during the last quarter. Harbor Advisors LLC grew its holdings in shares of T-Mobile US by 81.2% during the third quarter. Harbor Advisors LLC now owns 18,000 shares of the Wireless communications provider’s stock worth $1,110,000 after purchasing an additional 8,068 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of T-Mobile US by 1,887.3% during the second quarter. PNC Financial Services Group Inc. now owns 1,053,568 shares of the Wireless communications provider’s stock worth $63,865,000 after purchasing an additional 1,000,552 shares during the last quarter. Finally, Arizona State Retirement System purchased a new position in shares of T-Mobile US during the second quarter worth about $1,390,000. 35.06% of the stock is currently 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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