Barclays Reaffirms “Overweight” Rating for T-Mobile US (TMUS)
T-Mobile US (NASDAQ:TMUS)‘s stock had its “overweight” rating reiterated by analysts at Barclays in a research report issued to clients and investors on Wednesday. They currently have a $35.00 target price on the stock, down from their previous target price of $37.00. Barclays’ target price suggests a potential upside of 18.76% from the company’s current price.
A number of other firms have also 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 assigned a buy rating to the stock. T-Mobile US has an average rating of “Buy” and an average target price of $36.56.
Shares of T-Mobile US (NASDAQ:TMUS) traded down 0.14% on Wednesday, hitting $29.43. 218,536 shares of the company’s stock traded hands. 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 $31.08 and a 200-day moving average of $31.79. The company has a market cap of $23.755 billion and a P/E ratio of 123.82.
T-Mobile US (NASDAQ:TMUS) last released its earnings data on Monday, August 18th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.32. Analysts expect that T-Mobile US will post $0.49 EPS for the current fiscal year.
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