Morgan Stanley Raises T-Mobile US (TMUS) Price Target to $74.00
T-Mobile US (NASDAQ:TMUS) had its target price upped by analysts at Morgan Stanley from $72.00 to $74.00 in a research note issued to investors on Wednesday. The brokerage presently has an “overweight” rating on the Wireless communications provider’s stock. Morgan Stanley’s target price points to a potential upside of 16.57% from the stock’s current price.
Several other research analysts have also recently issued reports on the company. Royal Bank of Canada reissued a “buy” rating and issued a $76.00 target price on shares of T-Mobile US in a research report on Tuesday, October 3rd. Cowen reissued a “buy” rating and issued a $70.00 target price on shares of T-Mobile US in a research report on Friday, August 25th. KeyCorp reissued an “overweight” rating and issued a $72.00 target price on shares of T-Mobile US in a research report on Saturday, September 16th. HSBC raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Finally, BidaskClub cut T-Mobile US from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $69.70.
T-Mobile US (NASDAQ:TMUS) traded up $0.41 during trading on Wednesday, hitting $63.48. The company had a trading volume of 3,608,400 shares, compared to its average volume of 4,320,342. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.80. T-Mobile US has a 12 month low of $54.60 and a 12 month high of $68.88. The stock has a market capitalization of $52,810.00, a PE ratio of 28.54, a PEG ratio of 1.18 and a beta of 0.29.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, beating the 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 analysts’ expectations of $10.01 billion. During the same period last year, the firm posted $0.27 earnings per share. T-Mobile US’s revenue was up 7.7% compared to the same quarter last year. research analysts anticipate that T-Mobile US will post 2.41 earnings per share for the current fiscal year.
T-Mobile US announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.
A number of large investors have recently added to or reduced their stakes in TMUS. Janus Henderson Group PLC increased its stake in T-Mobile US by 12,230.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,479,412 shares of the Wireless communications provider’s stock worth $271,542,000 after acquiring an additional 4,443,083 shares during the last quarter. Capital World Investors increased its stake in T-Mobile US by 158.7% in the 2nd quarter. Capital World Investors now owns 3,867,024 shares of the Wireless communications provider’s stock worth $234,419,000 after acquiring an additional 2,372,024 shares during the last quarter. Paulson & CO. Inc. increased its stake in T-Mobile US by 46.1% in the 2nd quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock worth $366,793,000 after acquiring an additional 1,910,600 shares during the last quarter. Prudential Financial Inc. increased its stake in T-Mobile US by 3,877.3% in the 2nd quarter. Prudential Financial Inc. now owns 1,587,360 shares of the Wireless communications provider’s stock worth $96,226,000 after acquiring an additional 1,547,450 shares during the last quarter. Finally, BlackRock Inc. increased its stake in T-Mobile US by 10.9% in the 2nd quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock worth $929,608,000 after acquiring an additional 1,502,636 shares during the last quarter. 34.96% of the stock is currently owned by institutional investors and hedge funds.
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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.
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