Weekly Investment Analysts’ Ratings Changes for T-Mobile US (TMUS)

A number of firms have modified their ratings and price targets on shares of T-Mobile US (NASDAQ: TMUS) recently:

  • 10/24/2017 – T-Mobile US had its price target raised by analysts at Bank of America Corporation from $34.00 to $40.00. They now have an “underperform” rating on the stock.
  • 10/24/2017 – T-Mobile US is now covered by analysts at Societe Generale. They set a “buy” rating and a $71.00 price target on the stock.
  • 10/24/2017 – T-Mobile US had its “hold” rating reaffirmed by analysts at Macquarie. They now have a $68.00 price target on the stock. They wrote, “We model 4Q/‘17 postpaid phone churn and net adds of 1.22%/1.18% and 799k/ 3.0m, in line with newly narrowed annual guidance of 3.3-3.6m total postpaid net adds. Meanwhile, ARPU continues on the road to recovery despite pressures from T-Mobile ONE, promos, and a US$0.19 impact from hurricanes which could continue into 4Q; we model 4Q/’17 postpaid phone ARPU of US$47.16/US$47.16, relatively flat YoY. Additionally, in 3Q 253k DIGITS subs were reclassified out of postpaid phone subs into the “postpaid other” bucket, which now includes mobile broadband/DIGITS. We model 4Q postpaid other net adds of 132k, which implies 50k or ~40% from DIGITS. #2 If even the Un-carrier says its competitive, you better believe it.””
  • 10/18/2017 – T-Mobile US had its price target raised by analysts at BTIG Research from $74.00 to $84.00. They now have a “buy” rating on the stock.
  • 10/17/2017 – T-Mobile US had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $70.00 price target on the stock.
  • 10/17/2017 – T-Mobile US was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Over the past three months, share price of T-Mobile US declined 0.7% as against the industry's gain of 1.9%. Moreover, T-Mobile US operates in a highly competitive and saturated wireless market where success depends on technical superiority, quality of services and scalability. Offering of several low-priced service plans for individual consumers as well as small business entities though raises the company’s top line by adding customers, but the marketing costs associated increases the expenses. Also, it faces increased scrutiny in its working conditions by regulatory authorities. On the flip side, we believe T-Mobile US' network expansion and improvement plans, deployment of LTE-U technology and unlimited ‘T-Mobile One’ plan drive customers. The company has decided to roll out 600 MHz wireless spectrum in its footprints and has conducted successful Narrowband Internet of Things tests live on its commercial network.”
  • 10/12/2017 – T-Mobile US had its “neutral” rating reaffirmed by analysts at Moffett Nathanson.
  • 10/11/2017 – T-Mobile US was given a new $72.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 10/10/2017 – T-Mobile US had its price target lowered by analysts at Deutsche Bank AG from $70.00 to $65.00. They now have a “hold” rating on the stock.
  • 10/4/2017 – T-Mobile US had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $70.00 price target on the stock.
  • 10/3/2017 – T-Mobile US had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $76.00 price target on the stock.
  • 9/30/2017 – T-Mobile US was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/16/2017 – T-Mobile US had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $72.00 price target on the stock.
  • 9/12/2017 – T-Mobile US was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/8/2017 – T-Mobile US had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $70.00 price target on the stock.
  • 9/7/2017 – T-Mobile US had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $80.00 price target on the stock.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The business had revenue of $10.02 billion during the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter in the prior year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis.

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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