T-Mobile US (NASDAQ:TMUS) receives new price target of $150.00 from Morgan Stanley

T-Mobile USA (NASDAQ: TMUS) saw its target price raised by Morgan Stanley stock analysts from $149.00 to $150.00 in a research report released on Friday, Stock Target Advisor reports. The company currently has an “overweight” rating on shares of the wireless communications provider. Morgan Stanley’s target price would suggest a potential upside of 24.18% from the company’s previous close.

Several other analysts have also recently commented on TMUS. TheStreet upgraded T-Mobile US shares from a “b” rating to a “c+” rating in a Tuesday, November 2 report. Deutsche Bank Aktiengesellschaft raised its price target on T-Mobile US shares from $175.00 to $185.00 in a report on Thursday. Raymond James took shares of T-Mobile US from an “outperform” rating to a “strong buy” rating and raised his target price for the company from $151.00 to $158.00 in a research note from Wednesday, November 3. Credit Suisse Group set a target price of $165.00 on T-Mobile US shares in a research note on Thursday. Finally, Goldman Sachs Group set a target price of $153.00 on T-Mobile US shares in a research note on Thursday. One financial analyst gave the stock a sell rating, three issued a hold rating, fourteen gave the company a buy rating and two gave the company a high buy rating. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $161.76.

Shares of T-Mobile US traded down $0.01 during Friday’s trading, hitting $120.79. The stock recorded a trading volume of 262,990 shares, against an average volume of 6,752,452. The stock has a 50-day simple moving average of $112.83 and a 200-day simple moving average of 123 $.72. The company has a market capitalization of $150.87 billion, a PE ratio of 45.24, a P/E/G ratio of 7.33 and a beta of 0.53. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt ratio of 1.06. T-Mobile US has a 1-year low of $101.51 and a 1-year high of $150.20.

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T-Mobile US (NASDAQ:TMUS) last reported results on Wednesday, February 2. The wireless communications provider reported earnings per share of $0.34 for the quarter, beating the consensus estimate of $0.16 by $0.18. T-Mobile US had a net margin of 4.21% and a return on equity of 6.15%. During the same period of the previous year, the company achieved EPS of $1.03. As a group, stock analysts expect T-Mobile US to post earnings per share of 2.23 for the current fiscal year.

A number of hedge funds have recently changed their positions in the stock. BlackRock Inc. increased its position in T-Mobile US by 2.0% during the third quarter. BlackRock Inc. now owns 41,481,328 shares of the wireless communications provider worth $5,299,656,000 after acquiring an additional 794,638 shares during the period. State Street Corp increased its stake in T-Mobile US by 2.1% in the second quarter. State Street Corp now owns 24,864,777 shares of the wireless communications provider valued at $3,601,166,000 after purchasing an additional 519,914 shares during the period. Price T Rowe Associates Inc. MD increased its stake in T-Mobile US by 137.3% in Q2. Price T Rowe Associates Inc. MD now owns 23,637,420 shares of the wireless communications provider valued at $3,423,408,000 after purchasing an additional 13,677,347 shares during the period. Dodge & Cox increased its stake in T-Mobile US by 432.0% in the second quarter. Dodge & Cox now owns 11,324,513 shares of the wireless communications provider valued at $1,640,129,000 after purchasing an additional 9,195,915 shares during the period. Finally, Geode Capital Management LLC increased its stake in T-Mobile US by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 10,433,426 shares of the wireless communications provider valued at $1,329,339,000 after purchasing an additional 133,194 shares during the period. 43.87% of the shares are currently held by institutional investors and hedge funds.

T-Mobile USA Company Profile

T-Mobile US, Inc provides wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, as well as wholesale wireless services. The company was founded in 1994 and is based in Bellevue, WA.

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

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