Price Target Update on T-Mobile US (NYSE:TMUS)

T-Mobile US (NYSE:TMUS) : 14 Wall Street analysts covering T-Mobile US (NYSE:TMUS) believe that the average level the stock could reach for the short term is $44.93. The maximum price target given is $50 and the minimum target for short term is around $29, hence the standard deviation is calculated at $5.44.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of T-Mobile US (NYSE:TMUS). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $51 per share from a prior target of $47. The rating by the firm was issued on June 13, 2016.

T-Mobile US (NYSE:TMUS): stock turned positive on Thursday. Though the stock opened at $43.18, the bulls momentum made the stock top out at $43.68 level for the day. The stock recorded a low of $42.965 and closed the trading day at $43.67, in the green by 2.27%. The total traded volume for the day was 1,872,207. The stock had closed at $42.7 in the previous days trading.

The company shares have rallied 8.65% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $44.13 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $41.76 and the 200 Day Moving Average price is recorded at $39.14. On the companys insider trading activities, The officer (EVP & Chief Technology Officer), of T-Mobile Us, Inc., Ray Neville R had unloaded 6,945 shares at $44 per share in a transaction on June 8, 2016. The total value of transaction was $305,580. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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