T-Mobile US (NASDAQ:TMUS) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of T-Mobile US (NASDAQ:TMUS) from a buy rating to a conviction-buy rating in a research note issued to investors on Tuesday, The Fly reports. They currently have $153.00 price objective on the Wireless communications provider’s stock.

Several other equities research analysts have also issued reports on TMUS. Daiwa Capital Markets initiated coverage on shares of T-Mobile US in a report on Thursday, December 23rd. They issued a neutral rating and a $128.00 price target on the stock. Wells Fargo & Company raised shares of T-Mobile US to a neutral rating in a report on Sunday, January 9th. UBS Group set a $170.00 price target on shares of T-Mobile US in a report on Friday, January 7th. Sanford C. Bernstein set a $162.00 price target on shares of T-Mobile US in a report on Monday, January 3rd. Finally, Loop Capital initiated coverage on shares of T-Mobile US in a report on Monday, September 20th. They issued a buy rating and a $160.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US has an average rating of Buy and an average target price of $163.14.

Shares of TMUS stock opened at $108.52 on Tuesday. T-Mobile US has a 1 year low of $104.10 and a 1 year high of $150.20. The firm’s fifty day simple moving average is $115.54 and its 200 day simple moving average is $127.55. The firm has a market capitalization of $135.55 billion, a P/E ratio of 40.64 and a beta of 0.53. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.06.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Tuesday, November 2nd. The Wireless communications provider reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. T-Mobile US had a net margin of 4.21% and a return on equity of 6.15%. The business had revenue of $19.60 billion for the quarter, compared to analyst estimates of $20.10 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Equities research analysts anticipate that T-Mobile US will post 2.24 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of TMUS. Meitav Dash Investments Ltd. lifted its position in T-Mobile US by 1.2% during the 2nd quarter. Meitav Dash Investments Ltd. now owns 254,545 shares of the Wireless communications provider’s stock worth $36,866,000 after buying an additional 2,945 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in T-Mobile US by 14.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 187,853 shares of the Wireless communications provider’s stock worth $27,207,000 after buying an additional 23,316 shares in the last quarter. Resources Investment Advisors LLC. acquired a new position in T-Mobile US during the 2nd quarter worth about $350,000. Rockefeller Capital Management L.P. lifted its position in T-Mobile US by 68.5% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 19,975 shares of the Wireless communications provider’s stock worth $2,892,000 after buying an additional 8,118 shares in the last quarter. Finally, Atria Investments LLC acquired a new position in T-Mobile US during the 2nd quarter valued at about $4,134,000. Institutional investors and hedge funds own 43.87% of the company’s stock.

T-Mobile US Company Profile

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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