KeyCorp Reiterates “Overweight” Rating for T-Mobile US, Inc. (TMUS)
T-Mobile US, Inc. (NASDAQ:TMUS)‘s stock had its “overweight” rating restated by stock analysts at KeyCorp in a report issued on Saturday. They currently have a $72.00 target price on the Wireless communications provider’s stock. KeyCorp’s price target would indicate a potential upside of 17.70% from the company’s previous close.
Several other brokerages have also recently commented on TMUS. Goldman Sachs Group, Inc. (The) raised shares of T-Mobile US from a “buy” rating to a “conviction-buy” rating and lowered their target price for the stock from $81.00 to $65.72 in a report on Friday, May 19th. Barclays PLC reaffirmed an “overweight” rating and set a $73.00 target price (up from $70.00) on shares of T-Mobile US in a report on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 target price on shares of T-Mobile US in a report on Thursday, September 7th. UBS AG reaffirmed a “buy” rating and set a $80.00 target price on shares of T-Mobile US in a report on Saturday, July 22nd. Finally, Zacks Investment Research raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Twelve equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $70.15.
Shares of T-Mobile US (NASDAQ TMUS) opened at 61.17 on Friday. The firm’s 50-day moving average price is $63.38 and its 200-day moving average price is $63.83. T-Mobile US has a 12-month low of $44.49 and a 12-month high of $68.88. The firm has a market capitalization of $50.84 billion, a P/E ratio of 25.92 and a beta of 0.47.
T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 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 company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same period last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts predict that T-Mobile US will post $2.29 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the company. OZ Management LP lifted its holdings in shares of T-Mobile US by 35.7% during the second 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. Oppenheimer & Co. Inc. lifted its holdings in shares of T-Mobile US by 6.6% during the second quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock worth $1,742,000 after purchasing an additional 1,789 shares during the period. Arizona State Retirement System acquired a new position in shares of T-Mobile US during the second quarter worth $1,390,000. APG Asset Management N.V. lifted its holdings in shares of T-Mobile US by 11.8% during the second 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. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of T-Mobile US by 2,770.0% during the first 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. 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.
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