UBS AG reissued their buy rating on shares of T-Mobile US, Inc. (NASDAQ:TMUS) in a research note issued to investors on Saturday, July 22nd, www.flashratings.com reports. UBS AG currently has a $80.00 target price on the Wireless communications provider’s stock.
Several other research analysts have also issued reports on TMUS. Wells Fargo & Company reiterated an outperform rating on shares of T-Mobile US in a research note on Wednesday, June 28th. Robert W. Baird raised their target price on T-Mobile US from $64.00 to $68.00 and gave the company a neutral rating in a research note on Wednesday, April 26th. Instinet raised their target price on T-Mobile US from $62.00 to $65.00 and gave the company a neutral rating in a research note on Wednesday, April 26th. Drexel Hamilton started coverage on T-Mobile US in a research note on Thursday, June 8th. They issued a buy rating and a $80.00 target price for the company. Finally, Nomura restated a hold rating and issued a $65.00 target price on shares of T-Mobile US in a research note on Tuesday, April 25th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. T-Mobile US currently has an average rating of Buy and a consensus price target of $68.82.
Shares of T-Mobile US (NASDAQ TMUS) traded up 0.02% during mid-day trading on Friday, reaching $63.00. 1,419,593 shares of the company were exchanged. The company’s 50-day moving average is $62.21 and its 200 day moving average is $63.64. The firm has a market capitalization of $52.36 billion, a price-to-earnings ratio of 26.69 and a beta of 0.49. 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 released its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.29. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same period in the prior year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts predict that T-Mobile US will post $2.29 EPS for the current year.
A number of large investors have recently made changes to their positions in the stock. USA Financial Portformulas Corp purchased a new stake in shares of T-Mobile US during the fourth quarter worth about $6,104,000. Teachers Advisors LLC raised its stake in shares of T-Mobile US by 15.2% in the fourth quarter. Teachers Advisors LLC now owns 1,728,096 shares of the Wireless communications provider’s stock worth $99,383,000 after buying an additional 228,349 shares in the last quarter. Searle & CO. purchased a new stake in shares of T-Mobile US during the fourth quarter worth about $460,000. Atalanta Sosnoff Capital LLC raised its stake in shares of T-Mobile US by 32.0% in the first quarter. Atalanta Sosnoff Capital LLC now owns 370,758 shares of the Wireless communications provider’s stock worth $23,947,000 after buying an additional 89,814 shares in the last quarter. Finally, Creative Planning raised its stake in shares of T-Mobile US by 25.9% in the first quarter. Creative Planning now owns 3,203 shares of the Wireless communications provider’s stock worth $207,000 after buying an additional 658 shares in the last quarter. 35.89% of the stock is currently owned by institutional investors and hedge funds.
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