T-Mobile US’s (NASDAQ:TMUS) Buy Rating Reaffirmed at William Blair
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.
ILLEGAL ACTIVITY NOTICE: This story was first posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/07/23/t-mobile-uss-nasdaqtmus-buy-rating-reaffirmed-at-william-blair.html.
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.
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.