T-Mobile US, Inc. (NASDAQ:TMUS) – Jefferies Group reduced their Q3 2017 earnings estimates for T-Mobile US in a research note issued on Thursday. Jefferies Group analyst M. Mccormack now expects that the Wireless communications provider will earn $0.51 per share for the quarter, down from their previous forecast of $0.59. Jefferies Group has a “Buy” rating and a $80.00 price target on the stock. Jefferies Group also issued estimates for T-Mobile US’s FY2017 earnings at $2.52 EPS.
Several other equities research analysts have also recently weighed in on TMUS. Cowen and Company reaffirmed a “buy” rating and set a $70.00 price objective on shares of T-Mobile US in a research report on Friday, August 25th. BidaskClub raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. William Blair reissued a “buy” rating on shares of T-Mobile US in a report on Saturday, July 22nd. UBS AG reiterated a “buy” rating and issued a $80.00 price objective on shares of T-Mobile US in a report on Saturday, July 22nd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $70.02.
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T-Mobile US (NASDAQ:TMUS) opened at 61.23 on Monday. T-Mobile US has a 12-month low of $45.07 and a 12-month high of $68.88. The stock’s 50 day moving average is $62.93 and its 200-day moving average is $63.84. The company has a market capitalization of $50.89 billion, a P/E ratio of 25.94 and a beta of 0.40.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.29. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the prior year, the firm earned $0.25 EPS. The business’s revenue was up 10.0% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of the stock. Paulson & CO. Inc. grew its stake in T-Mobile US by 46.1% in the second quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock worth $366,793,000 after purchasing an additional 1,910,600 shares during the period. Toronto Dominion Bank grew its stake in T-Mobile US by 106.7% in the second quarter. Toronto Dominion Bank now owns 6,524 shares of the Wireless communications provider’s stock worth $395,000 after purchasing an additional 3,368 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in T-Mobile US in the second quarter worth $345,000. WINTON GROUP Ltd purchased a new stake in T-Mobile US in the second quarter worth $565,000. Finally, Public Employees Retirement System of Ohio grew its stake in T-Mobile US by 16.4% in the second quarter. Public Employees Retirement System of Ohio now owns 228,794 shares of the Wireless communications provider’s stock worth $13,869,000 after purchasing an additional 32,243 shares during the period. 34.77% 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.
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