T-Mobile US, Inc. (TMUS) Rating Reiterated by Robert W. Baird
T-Mobile US, Inc. (NASDAQ:TMUS)‘s stock had its “hold” rating reaffirmed by equities researchers at Robert W. Baird in a report released on Monday. They presently have a $70.00 price objective on the Wireless communications provider’s stock. Robert W. Baird’s target price would indicate a potential upside of 26.04% from the stock’s current price.
Several other equities research analysts also recently weighed in on TMUS. Moffett Nathanson restated a “neutral” rating on shares of T-Mobile US in a report on Thursday, October 12th. BidaskClub upgraded T-Mobile US from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a report on Tuesday, October 3rd. UBS AG reiterated a “buy” rating and issued a $70.00 price objective (down previously from $80.00) on shares of T-Mobile US in a report on Monday. Finally, KeyCorp reiterated an “overweight” rating and issued a $72.00 price objective on shares of T-Mobile US in a report on Saturday, September 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. T-Mobile US has an average rating of “Buy” and a consensus price target of $70.03.
Shares of T-Mobile US (NASDAQ TMUS) traded down $3.37 during midday trading on Monday, reaching $55.54. The company’s stock had a trading volume of 14,724,332 shares, compared to its average volume of 4,261,824. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. T-Mobile US has a 12 month low of $48.79 and a 12 month high of $68.88. The stock has a market cap of $49,011.00, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 1.29 and a beta of 0.29.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.17. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The company had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the prior year, the business earned $0.27 EPS. T-Mobile US’s revenue was up 7.7% on a year-over-year basis. analysts anticipate that T-Mobile US will post 2.33 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. OZ Management LP lifted its position in T-Mobile US by 35.7% during the 2nd quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock worth $105,083,000 after acquiring an additional 455,847 shares during the period. Oppenheimer & Co. Inc. lifted its position in T-Mobile US by 6.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock worth $1,742,000 after acquiring an additional 1,789 shares during the period. Harbor Advisors LLC lifted its position in T-Mobile US by 81.2% during the 3rd quarter. Harbor Advisors LLC now owns 18,000 shares of the Wireless communications provider’s stock worth $1,110,000 after acquiring an additional 8,068 shares during the period. PNC Financial Services Group Inc. lifted its position in T-Mobile US by 1,887.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,053,568 shares of the Wireless communications provider’s stock worth $63,865,000 after acquiring an additional 1,000,552 shares during the period. Finally, Arizona State Retirement System acquired a new stake in T-Mobile US during the 2nd quarter worth approximately $1,390,000. 35.06% of the stock is owned by institutional investors.
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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