Royal Bank of Canada restated their buy rating on shares of T-Mobile Us (NASDAQ:TMUS) in a report released on Thursday. They currently have a $76.00 price target on the Wireless communications provider’s stock.

A number of other equities research analysts have also issued reports on TMUS. Macquarie restated a buy rating on shares of T-Mobile Us in a research report on Wednesday, November 21st. Raymond James restated a strong-buy rating and issued a $85.00 price target on shares of T-Mobile Us in a research report on Wednesday, December 19th. Zacks Investment Research lowered T-Mobile Us from a strong-buy rating to a hold rating in a research report on Thursday, January 10th. Wells Fargo & Co upped their price target on T-Mobile Us from $77.00 to $82.00 and gave the company an outperform rating in a research report on Monday, October 29th. Finally, BidaskClub upgraded T-Mobile Us from a buy rating to a strong-buy rating in a research report on Wednesday, October 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $78.29.

TMUS stock opened at $68.38 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $58.01 billion, a PE ratio of 20.35, a P/E/G ratio of 2.85 and a beta of 0.42. T-Mobile Us has a 1 year low of $55.09 and a 1 year high of $70.94.

T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, February 7th. The Wireless communications provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $11.45 billion during the quarter, compared to analyst estimates of $11.38 billion. T-Mobile Us had a return on equity of 12.27% and a net margin of 6.67%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.11 earnings per share. Equities research analysts predict that T-Mobile Us will post 3.95 EPS for the current fiscal year.

In related news, COO G Michael Sievert sold 10,228 shares of the stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $67.90, for a total value of $694,481.20. Following the completion of the transaction, the chief operating officer now directly owns 431,890 shares in the company, valued at $29,325,331. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.37% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. FMR LLC grew its position in T-Mobile Us by 2.4% in the third quarter. FMR LLC now owns 19,644,093 shares of the Wireless communications provider’s stock worth $1,378,622,000 after acquiring an additional 462,053 shares during the period. Vanguard Group Inc lifted its stake in T-Mobile Us by 0.8% during the third quarter. Vanguard Group Inc now owns 16,471,906 shares of the Wireless communications provider’s stock worth $1,156,000,000 after purchasing an additional 132,709 shares in the last quarter. Alliancebernstein L.P. lifted its stake in T-Mobile Us by 1.9% during the third quarter. Alliancebernstein L.P. now owns 6,322,318 shares of the Wireless communications provider’s stock worth $443,700,000 after purchasing an additional 115,065 shares in the last quarter. OZ Management LP lifted its stake in T-Mobile Us by 15.2% during the third quarter. OZ Management LP now owns 2,982,547 shares of the Wireless communications provider’s stock worth $209,315,000 after purchasing an additional 394,094 shares in the last quarter. Finally, FIL Ltd lifted its stake in T-Mobile Us by 55.1% during the third quarter. FIL Ltd now owns 2,827,397 shares of the Wireless communications provider’s stock worth $198,427,000 after purchasing an additional 1,004,239 shares in the last quarter. Institutional investors own 32.85% of the company’s stock.

About T-Mobile Us

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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Analyst Recommendations for T-Mobile Us (NASDAQ:TMUS)

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