Jefferies Group reaffirmed their top pick rating on shares of T-Mobile US (NASDAQ:TMUS) in a research note issued to investors on Tuesday. The firm currently has a $62.78 target price on the Wireless communications provider’s stock, down from their previous target price of $72.00.

Other research analysts have also recently issued research reports about the stock. Moffett Nathanson restated a neutral rating on shares of T-Mobile US in a research report on Thursday, October 12th. Societe Generale began coverage on shares of T-Mobile US in a research report on Tuesday, October 24th. They issued a buy rating and a $71.00 target price for the company. Macquarie restated a hold rating and issued a $68.00 target price on shares of T-Mobile US in a research report on Tuesday, October 24th. HSBC upgraded shares of T-Mobile US from a hold rating to a buy rating in a research report on Tuesday, November 21st. Finally, BidaskClub upgraded shares of T-Mobile US from a hold rating to a buy rating in a research report on Saturday, August 5th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $69.34.

T-Mobile US (TMUS) traded down $0.76 during midday trading on Tuesday, reaching $61.07. 7,164,000 shares of the company’s stock traded hands, compared to its average volume of 4,327,235. T-Mobile US has a 1 year low of $53.78 and a 1 year high of $68.88. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. The company has a market cap of $50,810.00, a PE ratio of 27.77, a price-to-earnings-growth ratio of 1.14 and a beta of 0.29.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $10.02 billion during the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. T-Mobile US’s quarterly revenue was up 7.7% on a year-over-year basis. equities research analysts anticipate that T-Mobile US will post 2.41 earnings per share for the current year.

Several large investors have recently modified their holdings of the stock. GLG Partners LP lifted its position in T-Mobile US by 0.3% in the 2nd quarter. GLG Partners LP now owns 10,000 shares of the Wireless communications provider’s stock worth $606,000 after buying an additional 31 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its position in T-Mobile US by 1.4% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 5,061 shares of the Wireless communications provider’s stock worth $307,000 after buying an additional 69 shares in the last quarter. World Asset Management Inc lifted its position in T-Mobile US by 1.3% in the 2nd quarter. World Asset Management Inc now owns 12,868 shares of the Wireless communications provider’s stock worth $780,000 after buying an additional 164 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in T-Mobile US by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 58,413 shares of the Wireless communications provider’s stock worth $3,541,000 after buying an additional 198 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in T-Mobile US by 9.4% in the 2nd quarter. IFP Advisors Inc now owns 3,854 shares of the Wireless communications provider’s stock worth $234,000 after buying an additional 332 shares in the last quarter. Institutional investors and hedge funds own 34.97% of the company’s stock.

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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.

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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