T-Mobile US, Inc. (NASDAQ:TMUS) would benefit from greater scale in the industry if it were to combine with rival Sprint Corp (S.N), the chief financial officer of the No. 3 wireless carrier said at a conference on Thursday. Reilly Financial Advisors LLC now owns 17,771 shares of the Wireless communications provider's stock worth $981,000 after buying an additional 1,108 shares during the period. Its main businesses include Mobile businesses and Wireline Broadband businesses. "Digital players like Amazon and Google were also mentioned as potential new entrants into wireless.", the firm's analyst commented.
Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future.
The bank added T-Mobile to its Americas conviction buy list and reiterated its buy rating. Finally, Morgan Stanley reissued an overweight rating and issued a $72.00 price target on shares of T-Mobile US in a research report on Thursday, February 16th. Evercore ISI assumed coverage on shares of T-Mobile US in a research report on Monday, January 30th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. As for the mean price target, it implies upside of 6.56% from the $65.69 prior closing price. The stock has a market cap of $223.06 billion, a price-to-earnings ratio of 14.02 and a beta of 0.47.
On May 15, 2017, T-Mobile was trading 6.0% above its 100-day moving average. T-Mobile US has a 52 week low of $40.50 and a 52 week high of $68.88.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Monday, April 24th. BlackRock Inc. increased its position in shares of T-Mobile US by 3,998.0% in the first quarter. The same analysts see shares reaching $70.00 within the next year on a consensus basis. Their EPS should be compared to other companies in the Technology sector. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The firm had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $9.63 billion. Analysts forecast that T-Mobile US will post $2.03 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. The correct version of this piece can be read at https://transcriptdaily.com/2017/05/18/t-mobile-us-inc-tmus-price-target-raised-to-67-00-updated-updated.html. Following the completion of the transaction, the insider now owns 372,718 shares in the company, valued at approximately $23,917,314.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.30% of the company's stock.
TMUS has been the subject of several other research reports. FMR LLC raised its stake in shares of T-Mobile US by 2.6% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Finally, Carmignac Gestion increased its position in shares of T-Mobile US by 10.0% in the third quarter. Northern Trust Corp now owns 1,648,830 shares of the Wireless communications provider's stock worth $101,436,000 after buying an additional 56,862 shares during the period. Based in Bellevue, Washington, T-Mobile US provides services through its subsidiaries and operates its flagship brands, T-Mobile and MetroPCS.