T-Mobile US, Inc. (NASDAQ:TMUS)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank AG in a report issued on Friday. They currently have a $70.00 target price on the Wireless communications provider’s stock. Deutsche Bank AG’s target price indicates a potential upside of 11.57% from the company’s current price.

TMUS has been the subject of several other research reports. Zacks Investment Research lowered shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 target price on shares of T-Mobile US in a research note on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and issued a $80.00 target price on shares of T-Mobile US in a research note on Saturday, July 22nd. Cowen and Company reiterated a “buy” rating and issued a $70.00 target price on shares of T-Mobile US in a research note on Friday, August 25th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $73.00 target price (up previously from $70.00) on shares of T-Mobile US in a research note on Saturday, July 22nd. Eleven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $70.06.

Shares of T-Mobile US (NASDAQ TMUS) traded down 0.95% during mid-day trading on Friday, reaching $62.74. 2,236,307 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $63.39 and its 200 day moving average price is $63.84. T-Mobile US has a 52-week low of $44.35 and a 52-week high of $68.88. The company has a market cap of $52.14 billion, a PE ratio of 26.58 and a beta of 0.47.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.29. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts predict that T-Mobile US will post $2.29 EPS for the current year.

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Several institutional investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of T-Mobile US by 2.6% in the first quarter. FMR LLC now owns 28,593,003 shares of the Wireless communications provider’s stock worth $1,846,822,000 after buying an additional 736,329 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of T-Mobile US by 2.6% in the second quarter. Vanguard Group Inc. now owns 15,500,894 shares of the Wireless communications provider’s stock worth $939,664,000 after buying an additional 389,328 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of T-Mobile US by 10.9% in the second quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock worth $929,608,000 after buying an additional 1,502,636 shares in the last quarter. State Street Corp lifted its holdings in shares of T-Mobile US by 5.4% in the second quarter. State Street Corp now owns 5,599,085 shares of the Wireless communications provider’s stock worth $339,409,000 after buying an additional 289,120 shares in the last quarter. Finally, Third Point LLC lifted its holdings in shares of T-Mobile US by 5.0% in the second quarter. Third Point LLC now owns 5,250,000 shares of the Wireless communications provider’s stock worth $318,255,000 after buying an additional 250,000 shares in the last quarter. 34.72% of the stock is currently owned by hedge funds and other institutional investors.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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

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