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T-Mobile US (NASDAQ:TMUS) was the target of unusually large options trading on Wednesday. Investors bought 22,242 call options on the stock, American Banking News.com reports. This is an increase of 533% compared to the typical daily volume of 3,513 call options.

A number of research firms have recently commented on TMUS. Analysts at Macquarie reiterated a “neutral” rating on shares of T-Mobile US in a research note on Friday, August 8th. They now have a $33.00 price target on the stock, down previously from $38.00. Separately, analysts at Argus reiterated a “hold” rating on shares of T-Mobile US in a research note on Wednesday, August 6th. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of T-Mobile US in a research note on Monday, August 4th. They now have a $35.00 price target on the stock, up previously from $32.50. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $36.63.

Shares of T-Mobile US (NASDAQ:TMUS) traded down 1.59% on Wednesday, hitting $29.14. 5,911,505 shares of the company’s stock traded hands. T-Mobile US has a one year low of $22.95 and a one year high of $35.50. The stock’s 50-day moving average is $32.19 and its 200-day moving average is $31.91. The company has a market cap of $23.521 billion and a price-to-earnings ratio of 124.41.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.40. The company had revenue of $7.20 million for the quarter, compared to the consensus estimate of $7.04 million. Analysts expect that T-Mobile US will post $0.51 EPS for the current fiscal year.

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