Cowen and Company Reaffirms Buy Rating for T-Mobile US, Inc. (TMUS)

Cowen and Company reiterated their buy rating on shares of T-Mobile US, Inc. (NASDAQ:TMUS) in a research note released on Tuesday morning. Cowen and Company currently has a $70.00 target price on the Wireless communications provider’s stock.

Several other brokerages also recently commented on TMUS. BidaskClub raised T-Mobile US from a hold rating to a buy rating in a research note on Saturday, August 5th. Credit Suisse Group reissued a hold rating and issued a $69.00 price objective on shares of T-Mobile US in a research note on Friday, June 23rd. Jefferies Group LLC reaffirmed a buy rating and set a $80.00 price target on shares of T-Mobile US in a research report on Thursday, September 7th. Deutsche Bank AG reaffirmed a hold rating and set a $70.00 price target on shares of T-Mobile US in a research report on Friday, September 8th. Finally, William Blair reaffirmed a buy rating on shares of T-Mobile US in a research report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $70.81.

T-Mobile US (TMUS) traded down 1.71% on Tuesday, reaching $60.46. The company’s stock had a trading volume of 3,795,485 shares. T-Mobile US has a 52-week low of $46.58 and a 52-week high of $68.88. The company has a market cap of $50.25 billion, a P/E ratio of 25.62 and a beta of 0.40. The firm’s 50-day moving average price is $62.37 and its 200 day moving average price is $63.68.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.38 by $0.29. The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 earnings per share. Equities analysts anticipate that T-Mobile US will post $2.28 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Cowen and Company Reaffirms Buy Rating for T-Mobile US, Inc. (TMUS)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://ledgergazette.com/2017/10/20/cowen-and-company-reaffirms-buy-rating-for-t-mobile-us-inc-tmus.html.

Institutional investors have recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its holdings in shares of T-Mobile US by 23.8% in the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock worth $108,000 after acquiring an additional 306 shares during the period. Barrett Asset Management LLC bought a new position in shares of T-Mobile US in the second quarter worth $110,000. Fifth Third Bancorp boosted its holdings in shares of T-Mobile US by 64.8% in the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock worth $112,000 after acquiring an additional 680 shares during the period. Smithfield Trust Co. boosted its holdings in shares of T-Mobile US by 1,513.6% in the second quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock worth $115,000 after acquiring an additional 1,786 shares during the period. Finally, D. Scott Neal Inc. bought a new position in shares of T-Mobile US in the second quarter worth $116,000. 34.76% of the stock is owned by hedge funds and other institutional investors.

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Several other brokerages also recently commented on TMUS. BidaskClub raised T-Mobile US from a hold rating to a buy rating in a research note on Saturday, August 5th. Credit Suisse Group reissued a hold rating and issued a $69.00 price objective on shares of T-Mobile US in a research note on Friday, June 23rd. Jefferies Group LLC reaffirmed a buy rating and set a $80.00 price target on shares of T-Mobile US in a research report on Thursday, September 7th. Deutsche Bank AG reaffirmed a hold rating and set a $70.00 price target on shares of T-Mobile US in a research report on Friday, September 8th. Finally, William Blair reaffirmed a buy rating on shares of T-Mobile US in a research report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $70.81.

T-Mobile US (TMUS) traded down 1.71% on Tuesday, reaching $60.46. The company’s stock had a trading volume of 3,795,485 shares. T-Mobile US has a 52-week low of $46.58 and a 52-week high of $68.88. The company has a market cap of $50.25 billion, a P/E ratio of 25.62 and a beta of 0.40. The firm’s 50-day moving average price is $62.37 and its 200 day moving average price is $63.68.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.38 by $0.29. The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 earnings per share. Equities analysts anticipate that T-Mobile US will post $2.28 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Cowen and Company Reaffirms Buy Rating for T-Mobile US, Inc. (TMUS)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://ledgergazette.com/2017/10/20/cowen-and-company-reaffirms-buy-rating-for-t-mobile-us-inc-tmus.html.

Institutional investors have recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its holdings in shares of T-Mobile US by 23.8% in the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock worth $108,000 after acquiring an additional 306 shares during the period. Barrett Asset Management LLC bought a new position in shares of T-Mobile US in the second quarter worth $110,000. Fifth Third Bancorp boosted its holdings in shares of T-Mobile US by 64.8% in the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock worth $112,000 after acquiring an additional 680 shares during the period. Smithfield Trust Co. boosted its holdings in shares of T-Mobile US by 1,513.6% in the second quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock worth $115,000 after acquiring an additional 1,786 shares during the period. Finally, D. Scott Neal Inc. bought a new position in shares of T-Mobile US in the second quarter worth $116,000. 34.76% of the stock is 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.

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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