T-Mobile US, Inc. (NASDAQ:TMUS) Receives Average “Buy” Rating from Analysts
Shares of T-Mobile US, Inc. (NASDAQ:TMUS) have been assigned an average recommendation of “buy” by the twenty-three brokerages that cover the stock, reports Marketbeat Ratings. One equity research analyst rated the stock with a sell recommendation, three gave a hold recommendation, ten gave a buy recommendation and two gave the company a strong buy recommendation. The 12-month average price target among brokers who have covered the stock over the past year is $164.55.
Several equity research analysts have weighed in on the company. Goldman Sachs Group downgraded T-Mobile US from a “buy” rating to a “buy with conviction” rating and set a price target of $153.00 for the company in a Tuesday, January 11 report. UBS Group set a target price of $170.00 on T-Mobile US in a Friday, January 7 research report. Raymond James upgraded T-Mobile US from an “outperform” rating to a “strong buy” rating and raised its target price for the stock from $151.00 to $158.00 in a report of research from Wednesday, November 3. Royal Bank of Canada set a target price of $180.00 on T-Mobile US in a research report on Wednesday, November 3. Finally, Wells Fargo & Company upgraded T-Mobile US to a “neutral” rating in a Sunday, Jan. 9 research report.
A number of institutional investors and hedge funds have recently changed their holdings in the company. Spire Wealth Management increased its stake in T-Mobile US by 65.8% in the 4th quarter. Spire Wealth Management now owns 2,033 shares of the wireless communications provider valued at $236,000 after buying 807 additional shares in the last quarter. TPG Financial Advisors LLC increased its stake in T-Mobile US by 24.5% during the 4th quarter. TPG Financial Advisors LLC now owns 3,745 shares of the wireless communications provider valued at $434,000 after buying an additional 737 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in T-Mobile US by 2.2% in the fourth quarter. Louisiana State Employees Retirement System now owns 103,200 shares of the wireless communications provider valued at $11,969,000 after buying 2,200 additional shares in the last quarter. Strategy Asset Managers LLC increased its stake in T-Mobile US by 6.7% in the 4th quarter. Strategy Asset Managers LLC now owns 7,781 shares of the wireless communications provider valued at $902,000 after buying 486 additional shares in the last quarter. Finally, LGT Capital Partners LTD. increased its stake in T-Mobile US by 10.1% in the 4th quarter. LGT Capital Partners LTD. now owns 220,740 shares of the wireless communications provider valued at $25,601,000 after purchasing an additional 20,256 shares in the last quarter. Institutional investors and hedge funds hold 43.87% of the company’s shares.
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NASDAQTMUS opened at $108.52 on Friday. T-Mobile US has a fifty-two week low of $104.10 and a fifty-two week high of $150.20. The company has a debt ratio of 1.06, a quick ratio of 0.78 and a current ratio of 0.87. The stock has a 50-day simple moving average of $115.54 and a two-hundred-day simple moving average of $127.43. The stock has a market capitalization of $135.55 billion, a P/E ratio of 40.64, a price-to-earnings growth ratio of 7.25 and a beta of 0.53.
T-Mobile US (NASDAQ:TMUS) last released quarterly earnings data on Tuesday, November 2. The wireless communications provider reported earnings per share of $0.55 for the quarter, beating the consensus estimate of $0.54 by $0.01. T-Mobile US had a return on equity of 6.15% and a net margin of 4.21%. The company posted revenue of $19.60 billion in the quarter, versus $20.10 billion expected by analysts. In the same quarter last year, the company posted EPS of $1.17. Sell-side analysts expect T-Mobile US to post earnings per share of 2.24 for the current year.
T-Mobile USA Company Profile
T-Mobile US, Inc provides wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, as well as wholesale wireless services. The company was founded in 1994 and is based in Bellevue, WA.
See also: Environmental, Social and Governance (ESG) Investing
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