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T-Mobile US (NYSE:TMUS) has earned an average rating of “Buy” from the eighteen ratings firms that are covering the company, AnalystRatingsNetwork.com reports. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $35.00.

T-Mobile US (NYSE:TMUS) traded down 0.47% on Wednesday, hitting $29.47. 631,895 shares of the company’s stock traded hands. T-Mobile US has a 1-year low of $22.95 and a 1-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 $23.787 billion and a P/E ratio of 124.41. T-Mobile US also was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 14,566,394 shares, an increase of 46.4% from the July 15th total of 9,950,832 shares. Based on an average trading volume of 4,735,634 shares, the days-to-cover ratio is presently 3.1 days. Currently, 5.5% of the shares of the company are sold short.

A number of research firms have recently commented on TMUS. Analysts at RBC Capital raised their price target on shares of T-Mobile US from $34.00 to $36.00 in a research note on Friday, August 1st. Separately, analysts at Nomura raised their price target on shares of T-Mobile US from $30.00 to $32.00 in a research note on Friday, August 1st. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $36.00 to $40.00 in a research note on Friday, August 1st.

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