Benchmark Reaffirms “Buy” Rating for T-Mobile US (NASDAQ:TMUS)

T-Mobile US (NASDAQ:TMUS)‘s stock had its “buy” rating reissued by equities researchers at Benchmark in a research note issued on Tuesday,Benzinga reports. They currently have a $255.00 target price on the Wireless communications provider’s stock. Benchmark’s price objective indicates a potential upside of 8.44% from the company’s current price.

TMUS has been the topic of a number of other research reports. Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group increased their target price on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. UBS Group lifted 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 note on Thursday, October 24th. Finally, Tigress Financial raised their price target on shares of T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.74.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $235.15 on Tuesday. The company’s fifty day moving average price is $226.37 and its 200-day moving average price is $212.66. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The firm has a market capitalization of $272.89 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.08 and a beta of 0.56. T-Mobile US has a one year low of $158.84 and a one year high of $248.15.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. On average, equities research analysts anticipate that T-Mobile US will post 9.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the transaction, the director now directly owns 1,441,204 shares in the company, valued at $323,262,057.20. This trade represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,200 shares of company stock worth $32,736,303 over the last three months. 0.67% of the stock is currently owned by company insiders.

Institutional Trading of T-Mobile US

Large investors have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares during the period. International Assets Investment Management LLC increased its holdings in shares of T-Mobile US by 21,580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares during the period. Trust Co. of Vermont lifted its position in shares of T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after buying an additional 2,865 shares during the last quarter. Swedbank AB boosted its stake in T-Mobile US by 5.1% in the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after acquiring an additional 12,411 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in T-Mobile US by 737.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock valued at $12,476,000 after buying an additional 49,775 shares in the last quarter. Institutional investors 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.