T-Mobile US Inc. (NASDAQ:TMUS)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group in a research note issued on Tuesday. They currently have a $55.00 target price on the stock. Jefferies Group’s target price points to a potential upside of 17.32% from the stock’s current price.
A number of other analysts also recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating on shares of T-Mobile US in a research report on Wednesday, June 29th. Buckingham Research increased their target price on shares of T-Mobile US from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 25th. Vetr downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $48.53 target price for the company. in a research report on Monday, September 5th. HSBC reissued a “hold” rating on shares of T-Mobile US in a research report on Wednesday, September 28th. Finally, Argus reissued a “buy” rating and set a $56.00 target price (up previously from $49.00) on shares of T-Mobile US in a research report on Thursday, August 4th. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $49.12.
Shares of T-Mobile US (NASDAQ:TMUS) traded up 0.354% during mid-day trading on Tuesday, hitting $47.046. 316,751 shares of the stock were exchanged. The stock’s 50 day moving average price is $46.42 and its 200-day moving average price is $43.10. T-Mobile US has a 12-month low of $33.23 and a 12-month high of $48.11. The stock has a market capitalization of $38.71 billion, a P/E ratio of 36.189 and a beta of 0.51.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The business earned $9.20 billion during the quarter, compared to analyst estimates of $9.03 billion. T-Mobile US had a net margin of 3.36% and a return on equity of 6.77%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business earned $0.42 EPS. On average, equities research analysts expect that T-Mobile US will post $1.30 EPS for the current fiscal year.
In related news, CFO J Braxton Carter II sold 50,000 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $47.95, for a total value of $2,397,500.00. Following the sale, the chief financial officer now directly owns 239,971 shares in the company, valued at approximately $11,506,609.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Christopher Keys sold 14,700 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $47.11, for a total value of $692,517.00. Following the completion of the sale, the insider now owns 355,876 shares in the company, valued at $16,765,318.36. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Creative Planning boosted its stake in shares of T-Mobile US by 45.2% in the second quarter. Creative Planning now owns 2,970 shares of the company’s stock worth $129,000 after buying an additional 924 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in T-Mobile US by 9.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,079 shares of the company’s stock worth $133,000 after buying an additional 269 shares during the last quarter. Checchi Capital Advisers LLC raised its position in T-Mobile US by 1.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,386 shares of the company’s stock worth $147,000 after buying an additional 48 shares during the last quarter. Invictus RG raised its position in T-Mobile US by 330.4% in the first quarter. Invictus RG now owns 3,641 shares of the company’s stock worth $139,000 after buying an additional 2,795 shares during the last quarter. Finally, Global X Management Co. LLC raised its position in T-Mobile US by 125.3% in the second quarter. Global X Management Co. LLC now owns 3,773 shares of the company’s stock worth $163,000 after buying an additional 2,098 shares during the last quarter. Institutional investors and hedge funds own 34.17% of the company’s stock.
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.