T-Mobile US, Inc. (NASDAQ:TMUS) – Investment analysts at KeyCorp upped their FY2017 earnings per share estimates for shares of T-Mobile US in a research report issued to clients and investors on Monday. KeyCorp analyst B. Nispel now forecasts that the Wireless communications provider will post earnings of $2.33 per share for the year, up from their prior forecast of $2.18. KeyCorp currently has a “Buy” rating and a $72.00 target price on the stock. KeyCorp also issued estimates for T-Mobile US’s Q4 2017 earnings at $0.22 EPS, Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $0.73 EPS, Q3 2018 earnings at $0.54 EPS and Q4 2018 earnings at $0.37 EPS.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.17. The company had revenue of $10.02 billion during the quarter, compared to analysts’ expectations of $10.01 billion. T-Mobile US had a net margin of 5.55% and a return on equity of 10.17%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share.

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Several other equities research analysts have also commented on the stock. 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. Jefferies Group LLC reiterated a “buy” rating and issued a $80.00 price objective on shares of T-Mobile US in a research report on Saturday, July 22nd. BidaskClub lowered shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Cowen and Company reiterated a “buy” rating and issued a $70.00 price objective on shares of T-Mobile US in a research report on Friday, August 25th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $73.00 price objective (up from $70.00) on shares of T-Mobile US in a research report on Saturday, July 22nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $70.43.

T-Mobile US (TMUS) opened at 62.28 on Wednesday. T-Mobile US has a 52-week low of $48.76 and a 52-week high of $68.88. The firm’s 50-day moving average is $62.18 and its 200-day moving average is $63.63. The firm has a market capitalization of $51.76 billion, a PE ratio of 26.39 and a beta of 0.40.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of T-Mobile US by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 15,500,894 shares of the Wireless communications provider’s stock valued at $939,664,000 after acquiring an additional 389,328 shares during the last quarter. BlackRock Inc. increased its stake in shares of T-Mobile US by 10.9% during the 2nd quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock valued at $929,608,000 after acquiring an additional 1,502,636 shares during the last quarter. 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. State Street Corp increased its stake in shares of T-Mobile US by 5.4% during the 2nd quarter. State Street Corp now owns 5,599,085 shares of the Wireless communications provider’s stock valued at $339,409,000 after acquiring an additional 289,120 shares during the last quarter. Finally, Third Point LLC increased its stake in shares of T-Mobile US by 5.0% during the 2nd quarter. Third Point LLC now owns 5,250,000 shares of the Wireless communications provider’s stock valued at $318,255,000 after acquiring an additional 250,000 shares during the last quarter. 35.11% 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.

Earnings History and Estimates for T-Mobile US (NASDAQ:TMUS)

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