Barclays Reiterates Buy Rating for T-Mobile Us (NASDAQ:TMUS)

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Barclays reiterated their buy rating on shares of T-Mobile Us (NASDAQ:TMUS) in a research report sent to investors on Tuesday, Borsen Zeitung reports. The brokerage currently has a $88.00 target price on the Wireless communications provider’s stock.

Several other research firms have also recently weighed in on TMUS. Raymond James boosted their target price on T-Mobile Us from $94.00 to $95.00 and gave the stock a strong-buy rating in a research note on Wednesday, October 30th. ValuEngine lowered shares of T-Mobile Us from a hold rating to a sell rating in a research note on Wednesday, October 2nd. Oppenheimer reiterated a market perform rating on shares of T-Mobile Us in a research note on Tuesday, August 27th. Royal Bank of Canada reissued a buy rating and set a $94.00 price objective on shares of T-Mobile Us in a report on Tuesday, October 29th. Finally, UBS Group restated a buy rating on shares of T-Mobile Us in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $91.46.

T-Mobile Us stock opened at $75.02 on Tuesday. The stock has a market cap of $66.51 billion, a PE ratio of 22.33, a P/E/G ratio of 1.40 and a beta of 0.39. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.66 and a quick ratio of 0.59. The stock’s fifty day moving average is $79.49 and its two-hundred day moving average is $78.16. T-Mobile Us has a 1-year low of $59.96 and a 1-year high of $85.22.

T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings data on Monday, October 28th. The Wireless communications provider reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.05. T-Mobile Us had a return on equity of 14.21% and a net margin of 7.53%. The business had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.33 billion. During the same period in the prior year, the firm posted $0.93 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, research analysts expect that T-Mobile Us will post 4.48 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in TMUS. Vanguard Group Inc. increased its position in T-Mobile Us by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 17,806,020 shares of the Wireless communications provider’s stock valued at $1,320,138,000 after acquiring an additional 372,057 shares during the period. BlackRock Inc. raised its stake in T-Mobile Us by 17.5% during the 2nd quarter. BlackRock Inc. now owns 17,733,859 shares of the Wireless communications provider’s stock valued at $1,314,789,000 after acquiring an additional 2,647,322 shares during the last quarter. State Street Corp lifted its position in T-Mobile Us by 89.8% during the 3rd quarter. State Street Corp now owns 14,471,279 shares of the Wireless communications provider’s stock worth $1,139,903,000 after acquiring an additional 6,846,964 shares during the period. Invesco Ltd. lifted its position in T-Mobile Us by 16.5% during the 2nd quarter. Invesco Ltd. now owns 9,195,199 shares of the Wireless communications provider’s stock worth $681,731,000 after acquiring an additional 1,300,620 shares during the period. Finally, Maverick Capital Ltd. lifted its position in T-Mobile Us by 11.2% during the 2nd quarter. Maverick Capital Ltd. now owns 3,817,999 shares of the Wireless communications provider’s stock worth $283,066,000 after acquiring an additional 383,437 shares during the period. Institutional investors and hedge funds own 33.83% of the company’s stock.

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 United States Virgin Islands. The company offers voice, messaging, and data services to 79.7 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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Analyst Recommendations for T-Mobile Us (NASDAQ:TMUS)

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