Wells Fargo Upgrades T-Mobile US Inc to Outperform

Brokerage firm Wells Fargo Upgrades its rating on T-Mobile US Inc(NASDAQ:TMUS). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Wells Fargo was issued on Aug 29, 2016.

In a different note, On Aug 25, 2016, Buckingham Research said it Maintains its rating on T-Mobile US Inc. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 2, 2016, BTIG Research said it Maintains its rating on T-Mobile US Inc. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 29, 2016, FBR Capital said it Maintains its rating on T-Mobile US Inc. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Jul 28, 2016, Barclays said it Maintains its rating on T-Mobile US Inc. In the research note, the firm Raises the price-target to $49.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 28, 2016, Citigroup said it Maintains its rating on T-Mobile US Inc. In the research note, the firm Raises the price-target to $52.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 28, 2016, Deutsche Bank said it Maintains its rating on T-Mobile US Inc. In the research note, the firm Raises the price-target to $52.00 per share. The shares have been rated ‘Buy’ by the firm.

T-Mobile US Inc (TMUS) shares turned negative on Thursdays trading session with the shares closing down -0.09 points or -0.19% at a volume of 26,43,490. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $46.94. The peak price level was also seen at $46.94 while the days lowest was $46.21. Finally the shares closed at $46.25. The 52-week high of the shares is $48.11 while the 52-week low is $33.23. According to the latest information available, the market cap of the company is $38,052 M.

T-Mobile US Inc(TMUS) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $9.22B. Analysts had an estimated revenue of $9.02B. Earnings per share were $0.25. Analysts had estimated an EPS of $0.20.

Several Insider Transactions has been reported to the SEC. On Aug 10, 2016, J Braxton Ii Carter (EVP & CFO) sold 50,000 shares at $47.95 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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