Published: Sat, May 20, 2017
Business | By Max Garcia

Mobile US Inc (TMUS) Price Target Raised to $67.00 at Macquarie

Mobile US Inc (TMUS) Price Target Raised to $67.00 at Macquarie

T-Mobile US, Inc.is now trading -0.32% below its 20-day and 18.06% versus the 200-day simple moving averages while 2.34% compared with its 50-day simple moving average. The Wireless communications provider reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.46. The current share price indicate that stock is -1.64% away from its one year high and is moving 36.32% ahead of its 52-week low.

The bank added T-Mobile to its Americas conviction buy list and reiterated its buy rating. Their EPS should be compared to other companies in the Technology sector. Buy rating has been given by 2 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and no analyst given HOLD rating.

T-Mobile US Inc (TMUS.O) 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. On average, equities analysts anticipate that T-Mobile US will post $2.03 earnings per share for the current year. The company presently has a consensus rating of Buy and an average target price of $65.03. With T-Mobile targeting net debt/EBITDA of 3-4x, the low-end implies capacity to theoretically buy back 66% of its stock over the next 5 years, which would boost its FCF/share CAGR (2017E-2022E) from 19% to 40%. The business's revenue for the quarter was up 11.0% compared to the same quarter past year. Macquarie now has a hold rating on the Wireless communications provider's stock. If you are viewing this piece on another domain, it was copied illegally and republished in violation of USA and global trademark & copyright laws. (NASDAQ:TMUS) will present and provide a business update at 10:00 a.m. While investors have been focused on M&A given recent press reports, the firm believes that T-Mobile's valuation remains attractive based on two potential standalone catalysts: Material capital returns as T-Mobile delevers, and upside to subscriber growth forecasts as T-Mobile expands distribution by over 30%.

In related news, insider Thomas Christopher Keys sold 100,000 shares of the stock in a transaction that occurred on Friday, March 24th. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Pekin Singer Strauss Asset Management IL increased its position in shares of China Mobile by 29.2% in the fourth quarter. Stock has got OUTPERFORM rating from 12 analysts of Thomson Reuters, 7 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. Pekin Singer Strauss Asset Management IL now owns 189,866 shares of the Wireless communications provider's stock worth $9,955,000 after buying an additional 42,889 shares during the period. Mitsubishi UFJ Securities Holdings Co.

Now the shares of T-Mobile US, Inc. Reilly Financial Advisors LLC increased its position in shares of China Mobile by 6.6% in the first quarter. US Bancorp DE increased its stake in shares of T-Mobile US by 5.5% in the third quarter. BlackRock Group LTD now owns 178,869 shares of the Wireless communications provider's stock worth $11,004,000 after buying an additional 2,178 shares during the period. BlackRock Inc. now owns 13,832,340 shares of the Wireless communications provider's stock worth $893,431,000 after buying an additional 13,494,802 shares during the last quarter. Institutional investors own 33.17% of the company's stock.

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