T-Mobile US, Inc. (TMUS) PT Set at $72.00 by KeyCorp
T-Mobile US, Inc. (NASDAQ:TMUS) has been given a $72.00 target price by analysts at KeyCorp in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the Wireless communications provider’s stock. KeyCorp’s price objective indicates a potential upside of 17.69% from the company’s previous close.
Several other equities research analysts have also commented on TMUS. BidaskClub lowered shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Credit Suisse Group reiterated a “hold” rating and issued a $69.00 price objective on shares of T-Mobile US in a research report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating on shares of T-Mobile US in a research report on Wednesday, June 28th. Wells Fargo & Company reiterated an “outperform” rating on shares of T-Mobile US in a research report on Wednesday, June 28th. Finally, Zacks Investment Research lowered shares of T-Mobile US from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $70.02.
T-Mobile US (NASDAQ TMUS) remained flat at $61.18 during trading on Wednesday. 1,542,692 shares of the company’s stock were exchanged. T-Mobile US has a 52 week low of $45.07 and a 52 week high of $68.88. The company has a 50 day moving average price of $62.84 and a 200 day moving average price of $63.82. The firm has a market cap of $50.84 billion, a PE ratio of 25.92 and a beta of 0.40.
T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.38 by $0.29. The company 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 revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. Equities research analysts forecast that T-Mobile US will post $2.27 EPS for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Paulson & CO. Inc. increased its stake in shares of T-Mobile US by 46.1% during the 2nd quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock valued at $366,793,000 after acquiring an additional 1,910,600 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of T-Mobile US by 106.7% during the 2nd quarter. Toronto Dominion Bank now owns 6,524 shares of the Wireless communications provider’s stock valued at $395,000 after acquiring an additional 3,368 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of T-Mobile US during the 2nd quarter valued at about $345,000. WINTON GROUP Ltd acquired a new position in shares of T-Mobile US during the 2nd quarter valued at about $565,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of T-Mobile US by 16.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 228,794 shares of the Wireless communications provider’s stock valued at $13,869,000 after acquiring an additional 32,243 shares during the last quarter. 34.77% of the stock is owned by 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.
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