T-Mobile US Inc. (TMUS) Price Target Increased to $53.00 by Analysts at Pacific Crest
T-Mobile US Inc. (NASDAQ:TMUS) had its price target lifted by investment analysts at Pacific Crest from $48.00 to $53.00 in a research note issued on Thursday. The firm presently has an “overweight” rating on the stock. Pacific Crest’s target price suggests a potential upside of 13.86% from the stock’s current price.
Several other analysts have also recently commented on TMUS. Deutsche Bank AG restated a “buy” rating and set a $46.00 target price on shares of T-Mobile US in a report on Wednesday, March 30th. Macquarie initiated coverage on T-Mobile US in a report on Tuesday, April 5th. They set a “neutral” rating on the stock. Barclays PLC increased their target price on T-Mobile US from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Monday, April 18th. Vetr cut T-Mobile US from a “buy” rating to a “hold” rating and set a $41.42 target price on the stock. in a report on Monday, April 25th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $47.00 target price (up previously from $44.00) on shares of T-Mobile US in a report on Wednesday, April 27th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. T-Mobile US presently has a consensus rating of “Buy” and an average target price of $48.60.
Shares of T-Mobile US (NASDAQ:TMUS) traded down 1.34% during trading on Thursday, reaching $46.55. The company had a trading volume of 5,424,619 shares. The firm has a market capitalization of $38.30 billion, a P/E ratio of 35.81 and a beta of 0.76. T-Mobile US has a 52-week low of $33.23 and a 52-week high of $48.11. The company has a 50 day moving average of $46.56 and a 200-day moving average of $42.23.
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T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.03 billion. T-Mobile US had a return on equity of 6.77% and a net margin of 3.36%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. Equities analysts expect that T-Mobile US will post $1.31 earnings per share for the current year.
In other T-Mobile US news, insider Thomas Christopher Keys sold 14,700 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $47.11, for a total value of $692,517.00. Following the completion of the transaction, the insider now directly owns 355,876 shares in the company, valued at $16,765,318.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Neville R. Ray sold 3,969 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $45.01, for a total value of $178,644.69. Following the completion of the transaction, the executive vice president now owns 206,073 shares of the company’s stock, valued at $9,275,345.73. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Junto Capital Management LP bought a new position in T-Mobile US during the first quarter worth $31,310,000. WBI Investments Inc. bought a new position in T-Mobile US during the fourth quarter worth $3,946,000. Mizuho Trust & Banking Co. Ltd. increased its position in T-Mobile US by 4.7% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 430,098 shares of the company’s stock worth $17,092,000 after buying an additional 19,383 shares in the last quarter. OppenheimerFunds Inc. increased its position in T-Mobile US by 15.9% in the fourth quarter. OppenheimerFunds Inc. now owns 572,395 shares of the company’s stock worth $22,392,000 after buying an additional 78,319 shares in the last quarter. Finally, Royal Bank of Canada increased its position in T-Mobile US by 84.5% in the first quarter. Royal Bank of Canada now owns 539,418 shares of the company’s stock worth $20,659,000 after buying an additional 246,987 shares in the last quarter. Hedge funds and other institutional investors own 34.18% of the company’s stock.
About T-Mobile US
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