T-Mobile US, Inc. (NASDAQ:TMUS)‘s stock had its “buy” rating reiterated by equities researchers at William Blair in a research note issued to investors on Saturday.

Several other research analysts also recently issued reports on TMUS. Cowen and Company reaffirmed an “outperform” rating and set a $70.00 price objective on shares of T-Mobile US in a report on Saturday. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of T-Mobile US in a report on Saturday. Barclays PLC reissued an “overweight” rating and issued a $73.00 price target (up previously from $70.00) on shares of T-Mobile US in a research note on Saturday. Zacks Investment Research raised T-Mobile US from a “sell” rating to a “hold” rating in a research note on Friday. Finally, UBS AG reissued a “buy” rating and issued a $80.00 price target on shares of T-Mobile US in a research note on Saturday. Twelve equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $68.29.

Shares of T-Mobile US (NASDAQ TMUS) traded up 2.39% during mid-day trading on Friday, reaching $62.58. The company’s stock had a trading volume of 6,980,090 shares. The firm has a market capitalization of $52.01 billion, a P/E ratio of 26.52 and a beta of 0.51. The company has a 50 day moving average of $62.85 and a 200-day moving average of $63.09. T-Mobile US has a 12 month low of $44.29 and a 12 month high of $68.88.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.29. The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.82 billion. T-Mobile US had a return on equity of 8.81% and a net margin of 5.19%. T-Mobile US’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 EPS. Equities research analysts forecast that T-Mobile US will post $2.23 EPS for the current year.

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Several hedge funds have recently modified their holdings of the company. Proficio Capital Partners LLC boosted its stake 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 valued at $108,000 after buying an additional 306 shares in the last quarter. Fifth Third Bancorp raised its position in 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 valued at $112,000 after buying an additional 680 shares during the last quarter. D. Scott Neal Inc. purchased a new position in T-Mobile US during the second quarter valued at about $116,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in 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 valued at $126,000 after buying an additional 750 shares during the last quarter. Finally, NEXT Financial Group Inc raised its position in 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 valued at $135,000 after buying an additional 1,400 shares during the last quarter. 36.69% of the stock is currently owned by institutional investors.

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

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