T-Mobile US (NASDAQ:TMUS) PT Raised to $255.00 at Benchmark

T-Mobile US (NASDAQ:TMUS) had its price target lifted by Benchmark from $250.00 to $255.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Benchmark’s target price would suggest a potential upside of 12.65% from the stock’s previous close.

Several other analysts have also issued reports on the company. Royal Bank of Canada increased their price objective on T-Mobile US from $200.00 to $232.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Tigress Financial boosted their price target on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. TD Cowen raised their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group boosted their target price on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Evercore ISI raised their target price on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $240.17.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $226.36 on Thursday. The stock has a market cap of $264.11 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.15 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. T-Mobile US has a 12 month low of $138.42 and a 12 month high of $234.56. The stock’s 50 day moving average price is $205.53 and its 200 day moving average price is $184.78.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 earnings per share. Equities research analysts anticipate that T-Mobile US will post 9.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now owns 1,824,632 shares in the company, valued at $357,627,872. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the sale, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 349,261 shares of company stock valued at $69,411,130. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Large investors have recently modified their holdings of the company. DT Investment Partners LLC boosted its position in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares during the period. MFA Wealth Advisors LLC raised its holdings in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares in the last quarter. WASHINGTON TRUST Co boosted its position in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. Y.D. More Investments Ltd purchased a new stake in T-Mobile US in the second quarter worth about $27,000. Finally, Summit Securities Group LLC purchased a new stake in shares of T-Mobile US in the second quarter worth $27,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.