Jefferies Maintains T-Mobile US Inc to Buy with Price Target $55.00

Brokerage firm Jefferies Maintains its rating on T-Mobile US Inc(NASDAQ:TMUS). In a research note issued to the investors, the brokerage major Raises the price-target to $55.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Jul 21, 2016.

In a different note, On Jun 24, 2016, Nomura said it Downgrades its rating on T-Mobile US Inc. In the research note, the firm Lowers the price-target to $46.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 13, 2016, Citigroup said it Maintains its rating on T-Mobile US Inc. In the research note, the firm Raises the price-target to $47.00 per share. The shares have been rated ‘Buy’ by the firm.

T-Mobile US Inc (TMUS) made into the market gainers list on Wednesdays trading session with the shares advancing 0.36% or 0.16 points. Due to strong positive momentum, the stock ended at $44.54, which is also near the day’s high of $44.56. The stock began the session at $44.29 and the volume stood at 16,47,663 shares. The 52-week high of the shares is $44.93 and the 52 week low is $33.23. The company has a current market capitalization of $36,620 M and it has 82,21,85,590 shares in outstanding.

T-Mobile US Inc(TMUS) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $8.60B. Analysts had an estimated revenue of $8.40B. Earnings per share were $0.10. Analysts had estimated an EPS of $0.10.

Several Insider Transactions has been reported to the SEC. On Jul 19, 2016, J Braxton Ii Carter (EVP & CFO) sold 8,550 shares at $44.75 per share price.Also, On Jul 13, 2016, David A Miller (EVP, General Counsel & Sec.) sold 10,000 shares at $44.00 per share price.On Jun 10, 2016, Neville R Ray (EVP & Chief Technology Officer) sold 6,945 shares at $44.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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