T-Mobile US’s Buy Rating Reaffirmed at Canaccord Genuity (TMUS)
T-Mobile US (NASDAQ:TMUS)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a report issued on Tuesday, American Banking News reports.
TMUS has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of T-Mobile US from $32.00 to $34.00 in a research note on Monday. Separately, analysts at Cowen and Company raised their price target on shares of T-Mobile US from $42.00 to $44.00 in a research note on Friday. Finally, analysts at Nomura reiterated a “neutral” rating on shares of T-Mobile US in a research note on Friday. They now have a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.88.
T-Mobile US (NASDAQ:TMUS) traded down 2.17% on Tuesday, hitting $31.17. 2,365,748 shares of the company’s stock traded hands. T-Mobile US has a 52 week low of $17.62 and a 52 week high of $34.10. The stock’s 50-day moving average is $31.18 and its 200-day moving average is $30.05. The company’s market cap is $25.023 billion.
T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.10) by $0.09. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.92 billion. On average, analysts predict that T-Mobile US will post $0.25 earnings per share for the current fiscal year.
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