T-Mobile US, Inc. (TMUS) Given “Buy” Rating at Argus
T-Mobile US, Inc. (NASDAQ:TMUS)‘s stock had its “buy” rating reiterated by equities researchers at Argus in a research report issued on Wednesday. They presently have a $70.00 target price on the stock, up from their prior target price of $61.00. Argus’ target price points to a potential upside of 19.17% from the stock’s previous close.
A number of other equities research analysts have also commented on TMUS. FBR & Co increased their price objective on shares of T-Mobile US from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday. Nomura increased their price objective on shares of T-Mobile US from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, October 25th. Jefferies Group reaffirmed a “buy” rating and issued a $59.00 target price on shares of T-Mobile US in a research note on Tuesday. Wells Fargo & Company reaffirmed an “outperform” rating on shares of T-Mobile US in a research note on Sunday. Finally, Robert W. Baird reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, September 14th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $51.46.
Shares of T-Mobile US (NASDAQ:TMUS) opened at 58.74 on Wednesday. The stock’s 50 day moving average is $56.52 and its 200-day moving average is $48.97. The firm has a market cap of $48.40 billion, a price-to-earnings ratio of 37.20 and a beta of 0.68. T-Mobile US has a 12-month low of $33.23 and a 12-month high of $59.46.
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T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Monday, October 24th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. T-Mobile US had a net margin of 3.87% and a return on equity of 7.21%. The firm had revenue of $9.20 million for the quarter, compared to analyst estimates of $9.45 billion. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue was up 17.8% on a year-over-year basis. On average, analysts anticipate that T-Mobile US will post $1.53 EPS for the current fiscal year.
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In other news, Director W Michael Barnes sold 22,500 shares of T-Mobile US stock in a transaction that occurred on Friday, December 30th. The shares were sold at an average price of $57.86, for a total value of $1,301,850.00. Following the sale, the director now directly owns 113,267 shares in the company, valued at $6,553,628.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC increased its stake in T-Mobile US by 0.9% in the fourth quarter. Piedmont Investment Advisors LLC now owns 60,612 shares of the company’s stock worth $2,371,000 after buying an additional 530 shares during the period. British Columbia Investment Management Corp boosted its position in T-Mobile US by 220.8% in the fourth quarter. British Columbia Investment Management Corp now owns 213,423 shares of the company’s stock valued at $8,349,000 after buying an additional 146,905 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in T-Mobile US by 11.6% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 60,949 shares of the company’s stock valued at $2,384,000 after buying an additional 6,311 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in T-Mobile US by 40.4% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 407,765 shares of the company’s stock valued at $16,331,000 after buying an additional 117,277 shares in the last quarter. Finally, Global Thematic Partners LLC boosted its position in T-Mobile US by 15.2% in the fourth quarter. Global Thematic Partners LLC now owns 2,796,368 shares of the company’s stock valued at $109,394,000 after buying an additional 369,974 shares in the last quarter. Institutional investors own 34.25% of the company’s stock.
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