Notable Upgrades: T-Mobile US (TMUS), Jakks Pacific (JAKK), Sky-mobi (MOBI), Avago (AVGO), salesforce.com (CRM)

Analysts at Citigroup (C) are out with a report this morning upgrading shares of T-Mobile US, Inc. (TMUS) with a ‘Buy’ from ‘Neutral’ rating. The firm raised its price target for the company to $40 from $37 saying T-Mobile’s Un-carrier strategy “is showing greater resilience.”

T-Mobile shares are currently priced at 215.99x this year’s forecasted earnings, which makes them quite expensive compared to the industry’s 17.89x earnings multiple. Ticker has a forward P/E of 19.62 and t-12 price-to-sales ratio of 0.88. EPS for the same period is $0.15.

In the past 52 weeks, shares of Bellevue, Washington-based company have traded between a low of $24.26 and a high of $35.50 and are now at $32.83. Shares are up 5.64% year-over-year and 19.49% year-to-date.

Analysts at B. Riley & Co. upgraded their rating on the shares of JAKKS Pacific, Inc. (JAKK). In a research note published on Thursday, the firm lifted the name with a ‘Buy’ from ‘Neutral’ rating and set a 12-month base case estimate of $8.00 per share.

On valuation measures, Jakks Pacific, Inc. shares are currently priced at 56.01x this year’s forecasted earnings compared to the industry’s 14.84x earnings multiple. Ticker has a PEG and forward P/E ratio of 0.65 and 9.11, respectively. Price/Sales for the same period is 0.20 while EPS is $0.12. Currently there are 4 analysts that rate JAKK a ‘Buy’, 2 rate it a ‘Hold’. No analyst rates it a ‘Sell’. JAKK has a median Wall Street price target of $9.50 with a high target of $13.00.

Sky-mobi Limited (MOBI) coverage was initiated on Thursday by Rosenblatt analysts with a ‘Buy’ rating.

MOBI is up $0.37, or 10.03%, to $4.06 on heavy volume. Midway through trading Thursday, 453K shares of Sky-mobi have exchanged hands as compared to its average daily volume of 176,97 shares. The stock ranged in a price between $3.68-$4.24 after having opened the day at $3.68 as compared to the previous trading day’s close of $3.69.

In the past 52 weeks, shares of Hangzhou, China-based company have traded between a low of $3.28 and a high of $12.69. Shares are down 28.76% year-over-year and 3.15% year-to-date.

Avago Technologies Limited (AVGO) was reiterated a ‘Buy’ by UBS analysts on Thursday. The broker also raised its price target on the stock to $138 from $115.

AVGO is currently printing a higher than average trading volume with the issue trading 6.08 million shares, compared to the average volume of 2.04 million. The stock began trading this morning at $123.24 to currently trade 13% higher from the prior days close of $112.68. On an intraday basis it has gotten as low as $123.06 and as high as $129.25.

Avago Technologies shares are priced at 128.96x this year’s forecasted earnings, compared to the industry’s (0.24)x earnings multiple. The company’s current year and next year EPS growth estimates stand at 53.90% and 6.10% compared to the industry growth rates of 39.30% and 28.70%, respectively. AVGO has a t-12 price/sales ratio of 6.74. EPS for the same period registers at $0.99.

AVGO shares have advanced 5.57% in the last 4 weeks and advanced 25.35% in the past three months. Over the past 5 trading sessions the stock has gained 2.44%.

The Singapore-based company, which is currently valued at $32.53 billion, has a median Wall Street price target of $115.00 with a high target of $135.00. Avago Technologies is up 93.97% year-over-year, compared with an 14% gain in the S&P 500.

salesforce.com, inc. (CRM) was reiterated as ‘Buy’ with an $80 from $67 price target on Thursday by MKM Partners.

CRM shares recently gained $6.88 to $69.75. The stock is down 1.24% year-over-year and has gained roughly 6.00% year-to-date. In the past 52 weeks, shares of San Francisco, California-based company have traded between a low of $48.18 and a high of $71.00.

salesforce.com, inc. closed Wednesday at $62.87. The name has a total market cap of $44.01 billion.

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