T-Mobile US, Inc. (TMUS) Upgraded at Deutsche Bank AG
Deutsche Bank AG upgraded shares of T-Mobile US, Inc. (NASDAQ:TMUS) from a hold rating to a buy rating in a research report released on Thursday morning, MarketBeat.com reports. The brokerage currently has $65.00 price objective on the Wireless communications provider’s stock, up from their previous price objective of $56.22.
A number of other equities research analysts also recently weighed in on the stock. BTIG Research boosted their price objective on shares of T-Mobile US from $74.00 to $84.00 and gave the company a buy rating in a research report on Wednesday, October 18th. Zacks Investment Research raised shares of T-Mobile US from a sell rating to a hold rating in a research report on Friday, July 21st. Jefferies Group LLC reaffirmed a buy rating and set a $80.00 price objective on shares of T-Mobile US in a research report on Thursday, September 7th. Barclays PLC reaffirmed an overweight rating and set a $73.00 price objective (up previously from $70.00) on shares of T-Mobile US in a research report on Saturday, July 22nd. Finally, Bank of America Corporation boosted their price objective on shares of T-Mobile US from $34.00 to $40.00 and gave the company an underperform rating in a research report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $69.91.
Shares of T-Mobile US (NASDAQ TMUS) traded up $0.80 during trading hours on Thursday, hitting $56.80. 5,758,900 shares of the company were exchanged, compared to its average volume of 5,443,705. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. T-Mobile US has a twelve month low of $51.54 and a twelve month high of $68.88. The company has a market cap of $47,255.55, a P/E ratio of 25.70, a PEG ratio of 1.25 and a beta of 0.29.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The business had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. analysts expect that T-Mobile US will post 2.33 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. Rational Advisors LLC acquired a new stake in T-Mobile US during the third quarter valued at approximately $105,000. Barrett Asset Management LLC acquired a new stake in T-Mobile US during the second quarter valued at approximately $110,000. Smithfield Trust Co. lifted its stake in T-Mobile US by 1,513.6% during the second quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock valued at $115,000 after purchasing an additional 1,786 shares during the last quarter. D. Scott Neal Inc. acquired a new stake in T-Mobile US during the second quarter valued at approximately $116,000. Finally, Opera Trading Capital acquired a new stake in T-Mobile US during the third quarter valued at approximately $154,000. 35.06% of the stock is owned by institutional investors and hedge funds.
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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