T-Mobile US, Inc. (NASDAQ:TMUS)‘s stock had its “hold” rating restated by equities researchers at Credit Suisse Group in a note issued to investors on Friday. They presently have a $69.00 target price on the Wireless communications provider’s stock. Credit Suisse Group’s price target would indicate a potential upside of 8.56% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. SunTrust Banks, Inc. initiated coverage on shares of T-Mobile US in a report on Tuesday, April 18th. They set a “buy” rating and a $76.00 price objective on the stock. Deutsche Bank AG restated a “buy” rating and set a $68.00 price objective on shares of T-Mobile US in a report on Saturday, March 11th. Jefferies Group LLC upped their price objective on shares of T-Mobile US from $71.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. William Blair restated a “buy” rating on shares of T-Mobile US in a report on Tuesday, April 25th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of T-Mobile US in a report on Monday, May 22nd. They set a “buy” rating on the stock. Twelve analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $66.94.

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

T-Mobile US (NASDAQ:TMUS) opened at 63.56 on Friday. T-Mobile US has a 52-week low of $40.50 and a 52-week high of $68.88. The company has a 50-day moving average of $65.87 and a 200-day moving average of $62.56. The company has a market cap of $52.81 billion, a P/E ratio of 32.65 and a beta of 0.43.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Monday, April 24th. The Wireless communications provider reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.46. T-Mobile US had a net margin of 4.39% and a return on equity of 6.96%. The firm had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $9.63 billion. During the same quarter in the prior year, the company posted $0.56 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts expect that T-Mobile US will post $2.06 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was first published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/06/23/credit-suisse-group-reaffirms-hold-rating-for-t-mobile-us-inc-tmus.html.

A number of institutional investors have recently modified their holdings of TMUS. Proficio Capital Partners LLC raised its position in shares of T-Mobile US by 23.8% in the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 306 shares in the last quarter. Fifth Third Bancorp raised its position in shares of T-Mobile US by 64.8% in the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock worth $112,000 after buying an additional 680 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of T-Mobile US by 62.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,950 shares of the Wireless communications provider’s stock worth $126,000 after buying an additional 750 shares in the last quarter. NEXT Financial Group Inc raised its position in shares of T-Mobile US by 233.3% in the first quarter. NEXT Financial Group Inc now owns 2,000 shares of the Wireless communications provider’s stock worth $135,000 after buying an additional 1,400 shares in the last quarter. Finally, Elkfork Partners LLC acquired a new position in shares of T-Mobile US during the fourth quarter worth $172,000. Hedge funds and other institutional investors own 36.62% of the company’s stock.

Receive News & Ratings for T-Mobile US Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US Inc. and related companies with MarketBeat.com's FREE daily email newsletter.