T-Mobile US’s (TMUS) “Buy” Rating Reaffirmed at Benchmark

T-Mobile US (NASDAQ:TMUS)‘s stock had its “buy” rating reissued by equities research analysts at Benchmark in a research report issued on Thursday,Benzinga reports. They currently have a $275.00 target price on the Wireless communications provider’s stock. Benchmark’s target price points to a potential upside of 2.89% from the stock’s current price.

Several other research firms have also issued reports on TMUS. Scotiabank boosted their target price on shares of T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Oppenheimer boosted their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada raised their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday, March 21st. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $256.80.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $267.29 on Thursday. The company has a market capitalization of $305.17 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 1.55 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US has a twelve month low of $159.14 and a twelve month high of $276.49. The stock has a fifty day simple moving average of $250.95 and a 200 day simple moving average of $231.90.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts expect that T-Mobile US will post 10.37 EPS for the current year.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after acquiring an additional 47,350 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of T-Mobile US by 139.5% during the third quarter. Fisher Asset Management LLC now owns 4,029 shares of the Wireless communications provider’s stock valued at $831,000 after buying an additional 2,347 shares during the last quarter. Townsquare Capital LLC increased its holdings in shares of T-Mobile US by 16.9% in the third quarter. Townsquare Capital LLC now owns 18,622 shares of the Wireless communications provider’s stock worth $3,843,000 after buying an additional 2,697 shares during the period. Glenmede Trust Co. NA grew its position in T-Mobile US by 7.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 15,561 shares of the Wireless communications provider’s stock worth $3,211,000 after acquiring an additional 1,012 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in T-Mobile US in the 3rd quarter worth approximately $45,771,000. 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.