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

T-Mobile Us (NASDAQ:TMUS)‘s stock had its “buy” rating restated by analysts at Barclays in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. They currently have a $88.00 price objective on the Wireless communications provider’s stock. Barclays‘s price target points to a potential upside of 17.30% from the company’s previous close.

A number of other brokerages have also recently weighed in on TMUS. Oppenheimer reissued a “market perform” rating on shares of T-Mobile Us in a report on Tuesday, August 27th. SunTrust Banks lifted their price target on shares of T-Mobile Us to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $94.00 price target on shares of T-Mobile Us in a report on Tuesday, October 29th. UBS Group reaffirmed a “buy” rating on shares of T-Mobile Us in a research report on Tuesday, November 19th. Finally, ValuEngine lowered shares of T-Mobile Us from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $91.46.

TMUS stock opened at $75.02 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.59 and a debt-to-equity ratio of 1.41. The firm has a market cap of $66.51 billion, a P/E ratio of 22.33, a P/E/G ratio of 1.40 and a beta of 0.39. T-Mobile Us has a 12-month low of $59.96 and a 12-month high of $85.22. The stock’s 50 day simple moving average is $79.49 and its 200 day simple moving average is $78.16.

T-Mobile Us (NASDAQ:TMUS) last announced 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. The firm had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.33 billion. T-Mobile Us had a return on equity of 14.21% and a net margin of 7.53%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the business posted $0.93 earnings per share. On average, research analysts forecast that T-Mobile Us will post 4.48 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted 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 purchasing an additional 372,057 shares during the last quarter. BlackRock Inc. boosted 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 purchasing an additional 2,647,322 shares during the period. State Street Corp grew its position in T-Mobile Us by 89.8% in 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 purchasing an additional 6,846,964 shares during the last quarter. Invesco Ltd. grew its position in T-Mobile Us by 16.5% in the 2nd quarter. Invesco Ltd. now owns 9,195,199 shares of the Wireless communications provider’s stock worth $681,731,000 after purchasing an additional 1,300,620 shares during the last quarter. Finally, Maverick Capital Ltd. grew its position in T-Mobile Us by 11.2% in the 2nd quarter. Maverick Capital Ltd. now owns 3,817,999 shares of the Wireless communications provider’s stock worth $283,066,000 after purchasing an additional 383,437 shares during the last quarter. 33.83% of the stock is owned by institutional investors.

About T-Mobile Us

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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