T-Mobile US (NASDAQ:TMUS – Get Rating) had its price target boosted by equities researchers at Citigroup from $155.00 to $156.00 in a research report issued to clients and investors on Monday, The Fly reports. Citigroup’s target price points to a potential upside of 25.23% from the company’s previous close.
Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company raised T-Mobile US to a “neutral” rating in a research report on Sunday, January 9th. Sanford C. Bernstein set a $162.00 target price on T-Mobile US in a research report on Monday, January 3rd. Tigress Financial assumed coverage on T-Mobile US in a research report on Friday. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft raised their target price on T-Mobile US from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, February 3rd. Finally, TheStreet raised T-Mobile US from a “c+” rating to a “b-” rating in a research report on Thursday, March 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Buy” and a consensus price target of $160.14.
TMUS opened at $124.57 on Monday. T-Mobile US has a 1-year low of $101.51 and a 1-year high of $150.20. The company has a current ratio of 0.89, a quick ratio of 0.78 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $155.62 billion, a price-to-earnings ratio of 51.69, a P/E/G ratio of 8.86 and a beta of 0.50. The business has a 50 day moving average of $116.89 and a 200-day moving average of $119.92.
Fortune 500 Companies, Semiconductor producers, and even some of the largest sportswear manufacturers are all betting big by investing in a market Bloomberg Intelligence says could be worth $800 Billion by 2024.
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T-Mobile US (NASDAQ:TMUS – Get Rating) last posted its quarterly earnings data on Wednesday, February 2nd. The Wireless communications provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.94. T-Mobile US had a return on equity of 6.18% and a net margin of 3.78%. The company had revenue of $20.79 billion during the quarter, compared to analysts’ expectations of $21.12 billion. During the same period in the prior year, the business earned $1.03 earnings per share. Equities analysts predict that T-Mobile US will post 2.72 EPS for the current year.
In related news, insider Neville R. Ray sold 120,000 shares of T-Mobile US stock in a transaction dated Thursday, February 3rd. The stock was sold at an average price of $120.40, for a total value of $14,448,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Benjamin Edwards Inc. bought a new position in T-Mobile US during the third quarter worth about $25,000. Key Financial Inc boosted its holdings in T-Mobile US by 162.5% during the third quarter. Key Financial Inc now owns 210 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 130 shares during the last quarter. Charter Oak Capital Management LLC bought a new position in T-Mobile US during the fourth quarter worth about $29,000. Wolff Wiese Magana LLC boosted its holdings in T-Mobile US by 324.3% during the fourth quarter. Wolff Wiese Magana LLC now owns 297 shares of the Wireless communications provider’s stock worth $34,000 after buying an additional 227 shares during the last quarter. Finally, Covestor Ltd bought a new position in T-Mobile US during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 43.87% of the company’s stock.
About T-Mobile US (Get Rating)
T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.
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