T-Mobile US (NASDAQ:TMUS) PT Raised to $250.00 at Benchmark

T-Mobile US (NASDAQ:TMUS) had its price objective boosted by investment analysts at Benchmark from $220.00 to $250.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Benchmark’s price target suggests a potential upside of 25.35% from the stock’s current price.

Several other brokerages have also commented on TMUS. Deutsche Bank Aktiengesellschaft upped their price target on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Morgan Stanley raised their price target on shares of T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Barclays boosted their price objective on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Tigress Financial raised their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday. Eighteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $211.92.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $199.44 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The business’s fifty day moving average price is $192.29 and its two-hundred day moving average price is $176.53. The stock has a market cap of $233.71 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. T-Mobile US has a one year low of $135.82 and a one year high of $206.30.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.86 earnings per share. On average, analysts forecast that T-Mobile US will post 9.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the sale, the director now directly owns 670,812,128 shares of the company’s stock, valued at $119,431,391,269.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the completion of the sale, the director now directly owns 670,812,128 shares of the company’s stock, valued at $119,431,391,269.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the sale, the insider now owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The disclosure for this sale can be found here. Insiders have sold a total of 706,875 shares of company stock worth $130,909,198 in the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of hedge funds have recently modified their holdings of the business. Aveo Capital Partners LLC increased its position in shares of T-Mobile US by 6.5% during the fourth quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock worth $361,000 after acquiring an additional 137 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of T-Mobile US by 2.9% in the 4th quarter. Corient Private Wealth LLC now owns 146,304 shares of the Wireless communications provider’s stock valued at $23,457,000 after purchasing an additional 4,184 shares during the period. Assetmark Inc. lifted its holdings in shares of T-Mobile US by 32.0% in the fourth quarter. Assetmark Inc. now owns 28,894 shares of the Wireless communications provider’s stock valued at $4,633,000 after purchasing an additional 7,000 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of T-Mobile US by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 643 shares of the Wireless communications provider’s stock worth $103,000 after buying an additional 135 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of T-Mobile US by 91.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 43,667 shares of the Wireless communications provider’s stock worth $7,001,000 after buying an additional 20,901 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Company Profile

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.