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

T-Mobile US (NASDAQ:TMUS) had its target price upped by analysts at Benchmark from $220.00 to $250.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the Wireless communications provider’s stock. Benchmark’s price target indicates a potential upside of 25.44% from the company’s previous close.

Several other research analysts have also issued reports on TMUS. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday. Tigress Financial upped their target price on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. Evercore ISI raised their price target on shares of T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company upped their target price on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Finally, TD Cowen lifted their target price on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Eighteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $211.92.

T-Mobile US Price Performance

Shares of T-Mobile US stock traded down $0.34 during midday trading on Friday, hitting $199.30. 2,400,625 shares of the company traded hands, compared to its average volume of 4,586,315. The stock has a market cap of $233.55 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 0.74 and a beta of 0.51. 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 firm’s fifty day moving average price is $191.90 and its 200-day moving average price is $176.21. T-Mobile US has a 12 month low of $135.82 and a 12 month high of $206.30.

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

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the completion of the transaction, the director now owns 670,812,128 shares of the company’s stock, valued at approximately $119,431,391,269.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was 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 owns 670,812,128 shares of the company’s stock, valued at $119,431,391,269.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 706,875 shares of company stock valued at $130,909,198. 0.67% of the stock is owned by insiders.

Institutional Trading of T-Mobile US

A number of institutional investors have recently made changes to their positions in TMUS. Aveo Capital Partners LLC lifted its position in T-Mobile US by 6.5% during the 4th quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock valued at $361,000 after acquiring an additional 137 shares during the period. Corient Private Wealth LLC increased its position in T-Mobile US by 2.9% during 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 buying an additional 4,184 shares in the last quarter. Assetmark Inc. raised its stake in T-Mobile US by 32.0% during the fourth quarter. Assetmark Inc. now owns 28,894 shares of the Wireless communications provider’s stock valued at $4,633,000 after buying an additional 7,000 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in T-Mobile US by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 643 shares of the Wireless communications provider’s stock worth $103,000 after acquiring an additional 135 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of T-Mobile US by 91.8% in 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. Hedge funds and other 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.