T-Mobile US, Inc. (NASDAQ:TMUS) has earned a consensus recommendation of “Buy” from the twenty-nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, seventeen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $71.03.

Several research analysts have recently issued reports on the stock. Moffett Nathanson restated a “neutral” rating on shares of T-Mobile US in a report on Thursday, October 12th. BTIG Research boosted their price objective on shares of T-Mobile US from $74.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company restated an “outperform” rating on shares of T-Mobile US in a report on Wednesday, June 28th. BidaskClub upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Friday, July 21st.

Shares of T-Mobile US (TMUS) traded up 0.23% during trading on Thursday, hitting $60.82. 507,953 shares of the stock traded hands. The firm has a 50 day moving average price of $62.45 and a 200-day moving average price of $63.69. The company has a market cap of $50.54 billion, a PE ratio of 25.77 and a beta of 0.40. T-Mobile US has a one year low of $45.90 and a one year high of $68.88.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, topping the 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 the consensus estimate of $9.82 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. Analysts anticipate that T-Mobile US will post $2.28 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in TMUS. Janus Henderson Group PLC lifted its position in shares of T-Mobile US by 12,230.1% during the second quarter. Janus Henderson Group PLC now owns 4,479,412 shares of the Wireless communications provider’s stock worth $271,542,000 after purchasing an additional 4,443,083 shares in the last quarter. Capital World Investors lifted its position in shares of T-Mobile US by 158.7% during the second quarter. Capital World Investors now owns 3,867,024 shares of the Wireless communications provider’s stock worth $234,419,000 after purchasing an additional 2,372,024 shares in the last quarter. Paulson & CO. Inc. lifted its position in shares of T-Mobile US by 46.1% during the second quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock worth $366,793,000 after purchasing an additional 1,910,600 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of T-Mobile US by 3,877.3% during the second 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 in the last quarter. Finally, BlackRock Inc. lifted its position in shares of T-Mobile US by 10.9% during the second quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock worth $929,608,000 after purchasing an additional 1,502,636 shares in the last quarter. Institutional investors own 34.76% 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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