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Research analysts at Bernstein started coverage on shares of T-Mobile US (NASDAQ:TMUS) in a report released on Wednesday. The firm set a “market perform” rating and a $37.00 price target on the stock. Bernstein’s price target indicates a potential upside of 10.09% from the company’s current price.

T-Mobile US (NASDAQ:TMUS) traded up 0.93% during mid-day trading on Wednesday, hitting $33.61. 3,170,116 shares of the company’s stock traded hands. T-Mobile US has a one year low of $19.22 and a one year high of $34.10. The stock has a 50-day moving average of $31.31 and a 200-day moving average of $30.42. The company’s market cap is $26.986 billion. T-Mobile US also was the recipient of unusually large options trading activity on Monday. Traders acquired 14,849 put options on the stock. This represents an increase of approximately 418% compared to the typical volume of 2,864 put options.

T-Mobile US (NASDAQ:TMUS) last released its earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the 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. Analysts expect that T-Mobile US will post $0.21 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 6th. Separately, 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, May 5th. Finally, 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, May 2nd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $33.60.

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