Published On: Sun, Sep 18th, 2016

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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/18/t-mobile-us-inc-tmus-price-target-increased-to-53-00-by-analysts-at-pacific-crest.html

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

Receive News & Ratings for T-Mobile US Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for T-Mobile US Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>