T-Mobile US, Inc. (NASDAQ:TMUS) has been assigned an average recommendation of “Buy” from the twenty-three ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $149.35.
A number of equities analysts have issued reports on TMUS shares. Raymond James raised their target price on shares of T-Mobile US from $145.00 to $146.00 and gave the stock an “outperform” rating in a report on Tuesday, May 11th. The Goldman Sachs Group reissued a “buy” rating and issued a $160.00 target price on shares of T-Mobile US in a report on Monday, April 12th. Barclays reissued a “buy” rating and issued a $150.00 target price on shares of T-Mobile US in a report on Wednesday, May 5th. Morgan Stanley raised their target price on shares of T-Mobile US from $143.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of T-Mobile US from $155.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, April 26th.
In other T-Mobile US news, CEO G Michael Sievert sold 40,000 shares of T-Mobile US stock in a transaction that occurred on Friday, February 26th. The shares were sold at an average price of $121.67, for a total value of $4,866,800.00. Also, insider Neville R. Ray sold 10,800 shares of T-Mobile US stock in a transaction that occurred on Thursday, February 25th. The stock was sold at an average price of $125.12, for a total transaction of $1,351,296.00. In the last three months, insiders have sold 206,277 shares of company stock worth $27,392,494. 0.47% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in T-Mobile US by 1.2% in the first quarter. BlackRock Inc. now owns 40,158,875 shares of the Wireless communications provider’s stock worth $5,031,505,000 after buying an additional 463,813 shares during the last quarter. Norges Bank acquired a new position in T-Mobile US in the fourth quarter worth approximately $3,012,719,000. Viking Global Investors LP grew its position in T-Mobile US by 18.1% in the first quarter. Viking Global Investors LP now owns 10,285,244 shares of the Wireless communications provider’s stock worth $1,288,638,000 after buying an additional 1,579,763 shares during the last quarter. Geode Capital Management LLC grew its position in T-Mobile US by 1.8% during the 1st quarter. Geode Capital Management LLC now owns 10,059,885 shares of the Wireless communications provider’s stock worth $1,257,145,000 after purchasing an additional 173,374 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in T-Mobile US by 24.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,960,073 shares of the Wireless communications provider’s stock worth $1,247,898,000 after purchasing an additional 1,930,835 shares in the last quarter. Hedge funds and other institutional investors own 58.45% of the company’s stock.
NASDAQ:TMUS traded down $5.20 during mid-day trading on Tuesday, reaching $135.00. The stock had a trading volume of 7,890,800 shares, compared to its average volume of 4,619,003. The company has a market capitalization of $168.33 billion, a price-to-earnings ratio of 44.12, a price-to-earnings-growth ratio of 2.22 and a beta of 0.55. T-Mobile US has a 1-year low of $93.00 and a 1-year high of $143.09. The stock’s 50 day simple moving average is $132.68 and its two-hundred day simple moving average is $128.55. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.98 and a quick ratio of 0.88.
T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Tuesday, May 4th. The Wireless communications provider reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.19. T-Mobile US had a net margin of 5.11% and a return on equity of 8.69%. The firm had revenue of $19.76 billion for the quarter, compared to analysts’ expectations of $18.99 billion. During the same quarter last year, the company posted $1.10 earnings per share. T-Mobile US’s revenue was up 77.8% on a year-over-year basis. Sell-side analysts anticipate that T-Mobile US will post 3.49 EPS for the current fiscal year.
About T-Mobile US
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 102.1 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.
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