Deutsche Bank AG Upgrades T-Mobile US, Inc. (TMUS) to Buy
T-Mobile US, Inc. (NASDAQ:TMUS) was upgraded by Deutsche Bank AG from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $65.00 target price on the Wireless communications provider’s stock, up from their prior target price of $56.22. Deutsche Bank AG’s target price would indicate a potential upside of 14.44% from the stock’s previous close.
Several other research analysts have also recently issued reports on the company. BidaskClub cut T-Mobile US from a “sell” rating to a “strong sell” rating in a research note on Thursday. Jefferies Group LLC dropped their target price on T-Mobile US from $83.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday. Robert W. Baird reaffirmed a “hold” rating and set a $70.00 target price on shares of T-Mobile US in a report on Monday, November 6th. UBS AG reaffirmed a “buy” rating and set a $70.00 target price (down from $80.00) on shares of T-Mobile US in a report on Monday, November 6th. Finally, Bank of America Corporation raised their target price on T-Mobile US from $34.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $69.91.
T-Mobile US (NASDAQ:TMUS) opened at $56.80 on Thursday. T-Mobile US has a 12 month low of $51.54 and a 12 month high of $68.88. The stock has a market capitalization of $46,590.00, a PE ratio of 25.44, a PEG ratio of 1.23 and a beta of 0.29. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.50.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.17. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The firm had revenue of $10.02 billion during the quarter, compared to analysts’ expectations of $10.01 billion. During the same period last year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. research analysts anticipate that T-Mobile US will post 2.33 EPS for the current year.
Large investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in T-Mobile US by 15.3% during the third quarter. Wells Fargo & Company MN now owns 1,004,682 shares of the Wireless communications provider’s stock worth $61,948,000 after buying an additional 133,213 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in T-Mobile US during the third quarter worth approximately $236,000. BKS Advisors LLC lifted its position in T-Mobile US by 9.9% during the third quarter. BKS Advisors LLC now owns 39,450 shares of the Wireless communications provider’s stock worth $2,432,000 after buying an additional 3,550 shares in the last quarter. Schroder Investment Management Group lifted its position in T-Mobile US by 8.4% during the third quarter. Schroder Investment Management Group now owns 1,154,599 shares of the Wireless communications provider’s stock worth $71,493,000 after buying an additional 89,755 shares in the last quarter. Finally, Virginia Retirement Systems ET AL lifted its position in T-Mobile US by 30.4% during the third quarter. Virginia Retirement Systems ET AL now owns 331,600 shares of the Wireless communications provider’s stock worth $20,446,000 after buying an additional 77,400 shares in the last quarter. 35.06% of the stock is currently owned by hedge funds and other institutional investors.
About T-Mobile US
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.
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