T-Mobile US Inc (TMUS) Receives $64.71 Consensus Target Price from Brokerages

T-Mobile US Inc (NASDAQ:TMUS) has received an average rating of “Buy” from the twenty-seven brokerages that are presently covering the company. Ten analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $67.34.

TMUS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $71.00 price objective on shares of T-Mobile US in a research report on Wednesday, April 26th. SunTrust Banks, Inc. initiated coverage on shares of T-Mobile US in a research report on Tuesday, April 18th. They issued a “buy” rating and a $76.00 target price for the company. Barclays PLC boosted their target price on shares of T-Mobile US from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, March 20th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $75.00 target price (up previously from $70.00) on shares of T-Mobile US in a research report on Wednesday, April 26th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $72.00 target price on shares of T-Mobile US in a research report on Thursday, February 16th.

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In other T-Mobile US news, insider Thomas Christopher Keys sold 100,000 shares of the stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $64.17, for a total transaction of $6,417,000.00. Following the completion of the sale, the insider now owns 372,718 shares of the company’s stock, valued at approximately $23,917,314.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its stake in T-Mobile US by 64.8% in the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock worth $112,000 after buying an additional 680 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in T-Mobile US by 62.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,950 shares of the Wireless communications provider’s stock worth $126,000 after buying an additional 750 shares in the last quarter. US Bancorp DE increased its stake in T-Mobile US by 5.5% in the third quarter. US Bancorp DE now owns 2,779 shares of the Wireless communications provider’s stock worth $130,000 after buying an additional 144 shares in the last quarter. NEXT Financial Group Inc increased its stake in T-Mobile US by 233.3% in the first quarter. NEXT Financial Group Inc now owns 2,000 shares of the Wireless communications provider’s stock worth $135,000 after buying an additional 1,400 shares in the last quarter. Finally, Riverhead Capital Management LLC purchased a new stake in T-Mobile US during the third quarter worth $150,000. 33.17% of the stock is owned by institutional investors and hedge funds.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Monday, April 24th. The Wireless communications provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.46. T-Mobile US had a net margin of 3.87% and a return on equity of 7.21%. The firm had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $9.63 billion. During the same period in the previous year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year.

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