T-Mobile US (NASDAQ:TMUS) Rating Reiterated by Benchmark

T-Mobile US (NASDAQ:TMUSGet Free Report)‘s stock had its “buy” rating restated by equities research analysts at Benchmark in a note issued to investors on Wednesday, Benzinga reports. They currently have a $200.00 target price on the Wireless communications provider’s stock. Benchmark’s target price suggests a potential upside of 17.16% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Royal Bank of Canada boosted their target price on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. TD Cowen lowered their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, April 26th. KeyCorp lifted their price target on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a research report on Wednesday, April 3rd. Finally, StockNews.com lowered T-Mobile US from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $186.33.

Get Our Latest Stock Analysis on TMUS

T-Mobile US Stock Up 1.1 %

Shares of T-Mobile US stock opened at $170.70 on Wednesday. The stock has a market capitalization of $200.03 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 0.65 and a beta of 0.48. The company’s 50 day moving average price is $163.18 and its 200-day moving average price is $160.60. T-Mobile US has a 52-week low of $124.92 and a 52-week high of $171.07. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. During the same quarter in the previous year, the business posted $1.58 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US will post 9.02 EPS for the current year.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 208,637 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $170.24, for a total value of $35,518,362.88. Following the completion of the transaction, the director now directly owns 673,706,697 shares in the company, valued at approximately $114,691,828,097.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other T-Mobile US news, Director Telekom Ag Deutsche sold 208,637 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $170.24, for a total value of $35,518,362.88. Following the completion of the transaction, the director now directly owns 673,706,697 shares in the company, valued at approximately $114,691,828,097.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $163.20, for a total value of $3,264,000.00. Following the completion of the transaction, the chief executive officer now owns 458,124 shares of the company’s stock, valued at $74,765,836.80. The disclosure for this sale can be found here. Insiders sold 7,027,927 shares of company stock worth $1,146,978,079 in the last three months. 0.67% of the stock is owned by company insiders.

Institutional Trading of T-Mobile US

Several hedge funds have recently modified their holdings of the company. Boston Partners raised its holdings in shares of T-Mobile US by 1.1% during the 1st quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider’s stock worth $424,025,000 after acquiring an additional 28,045 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of T-Mobile US by 158.8% during the 1st quarter. Cetera Advisors LLC now owns 29,608 shares of the Wireless communications provider’s stock worth $4,833,000 after acquiring an additional 18,169 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of T-Mobile US by 136.2% during the 1st quarter. Cetera Investment Advisers now owns 91,650 shares of the Wireless communications provider’s stock worth $14,959,000 after acquiring an additional 52,844 shares in the last quarter. Community Trust & Investment Co. raised its holdings in shares of T-Mobile US by 258.0% during the 1st quarter. Community Trust & Investment Co. now owns 68,658 shares of the Wireless communications provider’s stock worth $11,206,000 after acquiring an additional 49,479 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of T-Mobile US during the 1st quarter worth approximately $38,784,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

About T-Mobile US

(Get Free Report)

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.

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