T-Mobile US Inc (TMUS) is Upgraded by Wells Fargo to Outperform

T-Mobile US Inc (TMUS) was Upgraded by Wells Fargo to ” Outperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on Aug 29, 2016.

Many Wall Street Analysts have commented on T-Mobile US Inc. Company shares were Reiterated by Jefferies on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $45 .Company shares were Reiterated by Deutsche Bank on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $46 .T-Mobile US Inc was Downgraded by Nomura to ” Neutral” on Jun 24, 2016.

On the company’s financial health, T-Mobile US Inc reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.21. The company had revenue of $9200.00 million for the quarter, compared to analysts expectations of $9026.54 million. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

T-Mobile US Inc opened for trading at $46.96 and hit $47.31 on the upside on Tuesday, eventually ending the session at $46.83, with a gain of 0.26% or 0.12 points. The heightened volatility saw the trading volume jump to 15,63,806 shares. Company has a market cap of $38,529 M.

In a different news, on Aug 10, 2016, J Braxton Ii Carter (EVP & CFO) sold 50,000 shares at $47.95 per share price. According to the SEC, 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.

T-Mobile US Inc

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