BTIG Research Raises T-Mobile US, Inc. (TMUS) Price Target to $84.00

T-Mobile US, Inc. (NASDAQ:TMUS) had its price objective raised by BTIG Research from $74.00 to $84.00 in a research note issued to investors on Wednesday, October 18th. They currently have a buy rating on the Wireless communications provider’s stock.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered T-Mobile US from a hold rating to a sell rating in a research note on Tuesday, October 17th. Cowen and Company restated a buy rating and set a $70.00 price objective on shares of T-Mobile US in a research note on Tuesday, October 17th. KeyCorp set a $72.00 price objective on T-Mobile US and gave the stock a buy rating in a research note on Wednesday, October 11th. Deutsche Bank AG lowered their price objective on T-Mobile US from $70.00 to $65.00 and set a hold rating on the stock in a research note on Tuesday, October 10th. Finally, Robert W. Baird restated a hold rating and set a $70.00 price objective on shares of T-Mobile US in a research note on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $70.43.



T-Mobile US (NASDAQ:TMUS) traded up 1.34% during midday trading on Wednesday, hitting $62.56. 1,409,294 shares of the company traded hands. The stock has a 50 day moving average of $62.13 and a 200 day moving average of $63.62. The stock has a market cap of $51.99 billion, a P/E ratio of 26.51 and a beta of 0.40. T-Mobile US has a 12-month low of $48.76 and a 12-month high of $68.88.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.17. The company had revenue of $10.02 billion during the quarter, compared to analysts’ expectations of $10.01 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.27 earnings per share. Equities research analysts predict that T-Mobile US will post $2.41 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in TMUS. GLG Partners LP increased its position in T-Mobile US by 0.3% in the 2nd quarter. GLG Partners LP now owns 10,000 shares of the Wireless communications provider’s stock valued at $606,000 after buying an additional 31 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in T-Mobile US by 1.4% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 5,061 shares of the Wireless communications provider’s stock valued at $307,000 after buying an additional 69 shares in the last quarter. World Asset Management Inc increased its position in T-Mobile US by 1.3% in the 2nd quarter. World Asset Management Inc now owns 12,868 shares of the Wireless communications provider’s stock valued at $780,000 after buying an additional 164 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in T-Mobile US by 0.3% in 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 buying an additional 198 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in T-Mobile US by 1.2% in the 1st quarter. Victory Capital Management Inc. now owns 18,109 shares of the Wireless communications provider’s stock valued at $1,170,000 after buying an additional 220 shares in the last quarter. 35.11% of the stock is currently owned by institutional investors.

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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