T-Mobile US Inc (TMUS) Receives “Overweight” Rating from KeyCorp

KeyCorp reaffirmed their overweight rating on shares of T-Mobile US Inc (NASDAQ:TMUS) in a research report released on Saturday morning. They currently have a $72.00 target price on the Wireless communications provider’s stock.

TMUS has been the subject of a number of other reports. Zacks Investment Research cut shares of T-Mobile US from a hold rating to a sell rating in a report on Tuesday, July 4th. Royal Bank Of Canada restated a buy rating and set a $76.00 target price on shares of T-Mobile US in a report on Friday, June 2nd. Wells Fargo & Company restated an outperform rating on shares of T-Mobile US in a report on Wednesday, June 28th. Cowen and Company restated a buy rating and set a $70.00 target price on shares of T-Mobile US in a report on Friday, August 25th. Finally, BidaskClub cut shares of T-Mobile US from a buy rating to a hold rating in a report on Tuesday, September 12th. Twelve analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $70.15.

Shares of T-Mobile US (TMUS) remained flat at $61.17 on Friday. The company had a trading volume of 5,597,554 shares. T-Mobile US has a 1-year low of $44.49 and a 1-year high of $68.88. The stock has a market cap of $50.84 billion, a PE ratio of 25.92 and a beta of 0.47. The company’s 50 day moving average price is $63.38 and its 200-day moving average price is $63.83.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.29. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.82 billion. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. Equities research analysts expect that T-Mobile US will post $2.29 EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the company. GLG Partners LP raised its holdings in shares of T-Mobile US by 0.3% during the 2nd quarter. GLG Partners LP now owns 10,000 shares of the Wireless communications provider’s stock valued at $606,000 after purchasing an additional 31 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of T-Mobile US by 0.7% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 4,992 shares of the Wireless communications provider’s stock valued at $322,000 after purchasing an additional 33 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of T-Mobile US by 0.6% during the 1st quarter. Ameritas Investment Partners Inc. now owns 14,863 shares of the Wireless communications provider’s stock valued at $960,000 after purchasing an additional 89 shares in the last quarter. World Asset Management Inc raised its holdings in shares of T-Mobile US by 1.3% during the 2nd quarter. World Asset Management Inc now owns 12,868 shares of the Wireless communications provider’s stock valued at $780,000 after purchasing an additional 164 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of T-Mobile US by 0.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 58,413 shares of the Wireless communications provider’s stock valued at $3,541,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 34.72% 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 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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