T-Mobile US Given Average Rating of “Buy” by Brokerages (NYSE:TMUS)
T-Mobile US (NYSE:TMUS) has received a consensus recommendation of “Buy” from the seventeen analysts that are covering the stock, AnalystRatings.Net reports. Two research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $35.75.
T-Mobile US (NYSE:TMUS) opened at 29.06 on Wednesday. T-Mobile US has a 52-week low of $22.95 and a 52-week high of $35.50. The stock has a 50-day moving average of $31.84 and a 200-day moving average of $31.85. The company has a market cap of $23.456 billion and a P/E ratio of 120.55. T-Mobile US also was the recipient of a large increase in short interest during 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 short-interest ratio is presently 3.1 days. Approximately 5.5% of the shares of the company are sold short.
A number of analysts have recently weighed in on TMUS shares. 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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