Goldman Sachs tells investors to buy T Mobile shares because the wireless carrier will return a significant amount of capital
20 May, 2017, 04:32
Reutersreported in February that Sprint's controlling shareholder, SoftBank Group Corp (9984.T), was positioning itself for deal talks with T-Mobile's top shareholder, Deutsche Telekom AG (DTEGn.DE), once a us government auction of wireless airwaves ended. They issued a buy rating and a $76.00 price objective for the company. Looking at the stock's movement on the chart, T-Mobile US, Inc. recorded a 52-week high of $68.88. (NASDAQ:TMUS) to the Americas Conviction List and increases its 12-month price target from $74 to $81 (23% upside potential).
In recent action, T-Mobile US, Inc. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company.
Shares of T-Mobile US (NASDAQ:TMUS) opened at 65.72 on Friday.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 17.34%, and has a solid year to date (YTD) performance of 14.28% which means the stock is constantly adding to its value from the previous fiscal year end price. The firm has a market cap of $54.60 billion, a PE ratio of 33.75 and a beta of 0.71. Now T-Mobile US, Inc.'s current price is $14.09 shy of the official highest sell-side analyst price target on Wall Street.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Monday, April 24th. The same analysts see shares reaching $70.00 within the next year on a consensus basis. T-Mobile US had a return on equity of 7.21% and a net margin of 3.87%. The business had revenue of $9.61 billion during the quarter, compared to analysts' expectations of $9.63 billion. Their EPS should be compared to other companies in the Technology sector.
China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Analysts forecast that T-Mobile US will post $2.03 EPS for the current fiscal year. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and worldwide trademark & copyright legislation. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & global trademark and copyright law. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Institutional investors and hedge funds own 1.88% of the company's stock. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Pekin Singer Strauss Asset Management IL increased its position in shares of China Mobile by 29.2% in the fourth quarter.
The stock added in the prior trading session by 2.83%, closing at the stock price of $65.72. Ltd. increased its stake in shares of T-Mobile US by 62.5% in the first quarter. BlackRock Group LTD increased its position in shares of China Mobile by 1.2% in the third quarter. FMR LLC now owns 28,593,003 shares of the Wireless communications provider's stock worth $1,846,822,000 after buying an additional 736,329 shares in the last quarter. NEXT Financial Group Inc now owns 2,000 shares of the Wireless communications provider's stock worth $135,000 after buying an additional 1,400 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in shares of T-Mobile US during the first quarter worth approximately $211,000.
As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of SPDR S&P 500 ETF (SPY). This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period.
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