T-Mobile US (TMUS) Releases Quarterly Earnings Results
T-Mobile US (NASDAQ:TMUS) posted its quarterly earnings results on Thursday. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.40, American Banking and Market News reports. The company had revenue of $7.20 million for the quarter, compared to the consensus estimate of $7.04 million.
T-Mobile US (NASDAQ:TMUS) traded up 6.40% on Thursday, hitting $32.92. The stock had a trading volume of 19,446,990 shares. T-Mobile US has a 52 week low of $22.95 and a 52 week high of $35.50. The stock’s 50-day moving average is $32.57 and its 200-day moving average is $31.99. The company’s market cap is $26.432 billion.
A number of analysts have recently weighed in on TMUS shares. Analysts at BMO Capital Markets initiated coverage on shares of T-Mobile US in a research note on Tuesday, July 8th. They set an “outperform” rating and a $40.00 price target on the stock. On the ratings front, analysts at Pacific Crest initiated coverage on shares of T-Mobile US in a research note on Friday, June 27th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, analysts at Macquarie downgraded shares of T-Mobile US from an “outperform” rating to a “neutral” rating in a research note on Monday, June 2nd. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $35.79.
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