Benchmark Boosts T-Mobile US (NASDAQ:TMUS) Price Target to $250.00

T-Mobile US (NASDAQ:TMUS) had its price objective increased by investment analysts at Benchmark from $220.00 to $250.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the Wireless communications provider’s stock. Benchmark’s target price indicates a potential upside of 25.35% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Tigress Financial raised their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Oppenheimer lifted their price target on T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley upped their price objective on T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Barclays lifted their target price on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Scotiabank upped their price target on shares of T-Mobile US from $197.00 to $215.50 and gave the company a “sector outperform” rating in a research note on Thursday. Eighteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $211.92.

T-Mobile US Trading Down 0.1 %

NASDAQ TMUS opened at $199.44 on Friday. The company has a market cap of $233.71 billion, a PE ratio of 27.13, a PEG ratio of 0.74 and a beta of 0.51. T-Mobile US has a 12 month low of $135.82 and a 12 month high of $206.30. The stock has a 50 day moving average of $192.29 and a 200-day moving average of $176.53. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

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

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total value of $23,470,451.46. Following the transaction, the director now owns 670,545,206 shares of the company’s stock, valued at approximately $117,922,079,927.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the sale, the director now owns 670,545,206 shares of the company’s stock, valued at $117,922,079,927.16. The disclosure for this sale can be found here. Insiders have sold a total of 706,875 shares of company stock valued at $130,909,198 in the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Aveo Capital Partners LLC boosted its stake in shares of 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 purchasing an additional 137 shares in the last quarter. Corient Private Wealth LLC boosted 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 acquiring an additional 4,184 shares in the last quarter. Assetmark Inc. boosted its position in T-Mobile US by 32.0% during the 4th quarter. Assetmark Inc. now owns 28,894 shares of the Wireless communications provider’s stock valued at $4,633,000 after acquiring an additional 7,000 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of T-Mobile US by 26.6% in the 4th 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. raised its position in shares of T-Mobile US by 91.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 43,667 shares of the Wireless communications provider’s stock worth $7,001,000 after acquiring an additional 20,901 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

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.