T-Mobile US (TMUS) Price Target Raised to $72.00 at Deutsche Bank

T-Mobile US (NASDAQ:TMUS) had its target price lifted by stock analysts at Deutsche Bank to $72.00 in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Deutsche Bank’s target price would indicate a potential upside of 14.16% from the company’s current price.

Several other research firms have also recently weighed in on TMUS. Bank of America upped their price objective on T-Mobile US from $34.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 24th. KeyCorp set a $72.00 price objective on T-Mobile US and gave the stock a “buy” rating in a research report on Wednesday, October 11th. UBS reaffirmed a “buy” rating and set a $70.00 price objective (down from $80.00) on shares of T-Mobile US in a research report on Monday, November 6th. Robert W. Baird reaffirmed a “hold” rating and set a $70.00 price objective on shares of T-Mobile US in a research report on Wednesday, October 4th. Finally, Moffett Nathanson raised T-Mobile US from a “neutral” rating to a “buy” rating in a research report on Monday, November 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.62.

T-Mobile US (NASDAQ TMUS) traded up $0.53 during trading hours on Monday, reaching $63.07. The company’s stock had a trading volume of 3,366,559 shares, compared to its average volume of 4,327,370. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $52,031.04, a PE ratio of 28.30, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29. T-Mobile US has a 1 year low of $54.60 and a 1 year high of $68.88.

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 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 return on equity of 9.99% and a net margin of 5.55%. T-Mobile US’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. equities analysts expect that T-Mobile US will post 2.41 earnings per share for the current year.

T-Mobile US announced that its board has initiated a stock repurchase program on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the Wireless communications provider to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Large investors have recently added to or reduced their stakes in the business. Rational Advisors LLC bought a new stake in T-Mobile US in the third quarter valued at approximately $105,000. Capital Bank & Trust Co raised its stake in T-Mobile US by 3,128.6% in the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 2,190 shares during the period. Opera Trading Capital bought a new stake in T-Mobile US in the third quarter valued at approximately $154,000. Proficio Capital Partners LLC raised its stake in T-Mobile US by 54.7% in the second quarter. Proficio Capital Partners LLC now owns 2,463 shares of the Wireless communications provider’s stock valued at $157,000 after buying an additional 871 shares during the period. Finally, Captrust Financial Advisors bought a new stake in T-Mobile US in the second quarter valued at approximately $159,000. Hedge funds and other institutional investors own 34.96% of the company’s stock.

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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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