T-Mobile US Given New $38.00 Price Target at Macquarie (TMUS)
Equities research analysts at Macquarie increased their price objective on shares of T-Mobile US (NASDAQ:TMUS) from $37.00 to $38.00 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Macquarie’s target price indicates a potential upside of 11.90% from the company’s current price.
A number of other firms have also recently commented on TMUS. Analysts at Sanford C. Bernstein initiated coverage on shares of T-Mobile US in a research note on Thursday, May 22nd. They set a “market perform” rating on the stock. Separately, analysts at Bernstein initiated coverage on shares of T-Mobile US in a research note on Wednesday, May 21st. They set a “market perform” rating and a $37.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 6th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. T-Mobile US currently has an average rating of “Buy” and a consensus price target of $33.67.
T-Mobile US (NASDAQ:TMUS) traded up 0.72% on Tuesday, hitting $34.205. The stock had a trading volume of 965,422 shares. T-Mobile US has a 52-week low of $20.30 and a 52-week high of $34.10. The stock’s 50-day moving average is $31.3 and its 200-day moving average is $30.51. The company’s market cap is $27.464 billion.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters 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 $0.19 earnings per share for the current fiscal year.
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