T-Mobile US, Inc. (NASDAQ:TMUS) Receives Consensus Recommendation of “Buy” from Brokerages

T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) has been given a consensus recommendation of “Buy” by the twenty-four ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $162.53.

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, February 3rd. Royal Bank of Canada set a $152.00 price objective on shares of T-Mobile US in a report on Thursday, February 3rd. UBS Group set a $170.00 price objective on shares of T-Mobile US in a report on Thursday, February 3rd. Sanford C. Bernstein set a $162.00 price objective on shares of T-Mobile US in a report on Monday, January 3rd. Finally, Wells Fargo & Company raised shares of T-Mobile US to a “neutral” rating in a report on Sunday, January 9th.

In related news, insider Neville R. Ray sold 120,000 shares of the company’s stock in a transaction on Thursday, February 3rd. The shares were sold at an average price of $120.40, for a total transaction of $14,448,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. lifted its position in T-Mobile US by 703.5% during the fourth quarter. Benjamin Edwards Inc. now owns 1,599 shares of the Wireless communications provider’s stock valued at $185,000 after purchasing an additional 1,400 shares during the last quarter. River Road Asset Management LLC lifted its position in T-Mobile US by 3.2% during the third quarter. River Road Asset Management LLC now owns 273,576 shares of the Wireless communications provider’s stock valued at $34,952,000 after purchasing an additional 8,550 shares during the last quarter. HighTower Advisors LLC lifted its position in T-Mobile US by 4.4% during the third quarter. HighTower Advisors LLC now owns 85,016 shares of the Wireless communications provider’s stock valued at $10,857,000 after purchasing an additional 3,555 shares during the last quarter. First Hawaiian Bank bought a new position in T-Mobile US during the fourth quarter valued at $2,827,000. Finally, Destination Wealth Management bought a new position in T-Mobile US during the fourth quarter valued at $656,000. Institutional investors and hedge funds own 43.87% of the company’s stock.

Shares of NASDAQ TMUS opened at $128.81 on Tuesday. The firm’s 50 day moving average price is $127.36 and its 200-day moving average price is $119.77. The company has a market cap of $160.92 billion, a PE ratio of 53.45, a P/E/G ratio of 2.04 and a beta of 0.51. T-Mobile US has a 52-week low of $101.51 and a 52-week high of $150.20. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.78 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUSGet Rating) last issued its earnings results on Wednesday, February 2nd. The Wireless communications provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.94. The firm had revenue of $20.79 billion for the quarter, compared to the consensus estimate of $21.12 billion. T-Mobile US had a net margin of 3.78% and a return on equity of 6.18%. During the same quarter in the prior year, the firm posted $1.03 earnings per share. On average, analysts forecast that T-Mobile US will post 2.46 earnings per share for the current fiscal year.

About T-Mobile US (Get Rating)

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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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