T-Mobile US, Inc. (NASDAQ:TMUS)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group LLC in a research note issued on Thursday. They currently have a $80.00 target price on the Wireless communications provider’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 27.51% from the company’s previous close.

Several other brokerages have also issued reports on TMUS. Royal Bank Of Canada reaffirmed a “buy” rating and set a $76.00 price target on shares of T-Mobile US in a report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) began coverage on shares of T-Mobile US in a report on Monday, May 22nd. They set a “buy” rating on the stock. Drexel Hamilton began coverage on shares of T-Mobile US in a report on Thursday, June 8th. They set a “buy” rating and a $80.00 price target on the stock. Cowen and Company reaffirmed an “outperform” rating and set a $70.00 price target on shares of T-Mobile US in a report on Monday, May 15th. Finally, BidaskClub raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. 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 company’s stock. T-Mobile US has a consensus rating of “Buy” and an average price target of $70.06.

Shares of T-Mobile US (TMUS) traded down 0.95% on Thursday, hitting $62.74. The company’s stock had a trading volume of 2,236,307 shares. 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 price-to-earnings ratio of 26.58 and a beta of 0.47. The stock’s 50 day moving average is $63.39 and its 200-day moving average is $63.84.

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

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Hedge funds and other institutional investors have recently modified their holdings of the company. OZ Management LP lifted its position in shares of T-Mobile US by 35.7% in the 2nd quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock worth $105,083,000 after purchasing an additional 455,847 shares during the period. APG Asset Management N.V. lifted its position in shares of T-Mobile US by 11.8% in the 2nd quarter. APG Asset Management N.V. now owns 3,555,136 shares of the Wireless communications provider’s stock worth $215,512,000 after purchasing an additional 376,200 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of T-Mobile US by 2,770.0% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 143,500 shares of the Wireless communications provider’s stock worth $9,279,000 after purchasing an additional 138,500 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of T-Mobile US by 9.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 67,600 shares of the Wireless communications provider’s stock worth $4,098,000 after purchasing an additional 5,900 shares during the period. Finally, Prudential Financial Inc. lifted its position in shares of T-Mobile US by 3,877.3% in the 2nd quarter. Prudential Financial Inc. now owns 1,587,360 shares of the Wireless communications provider’s stock worth $96,226,000 after purchasing an additional 1,547,450 shares during the period. Hedge funds and other institutional investors own 34.72% of the company’s stock.

T-Mobile US Company Profile

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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