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

T-Mobile US (NASDAQ:TMUS - Get Free Report)'s stock had its "buy" rating restated by analysts at Benchmark in a research report issued on Thursday,Benzinga reports. They presently have a $275.00 price target on the Wireless communications provider's stock. Benchmark's price objective indicates a potential upside of 3.70% from the company's previous close.

Several other brokerages have also recently commented on TMUS. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Sanford C. Bernstein initiated coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 price objective for the company. Scotiabank increased their target price on T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a research report on Friday, March 14th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $256.80.

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T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $0.25 during trading on Thursday, hitting $265.18. The company had a trading volume of 1,208,231 shares, compared to its average volume of 4,157,096. The company has a market cap of $302.77 billion, a P/E ratio of 27.41, a PEG ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The business's 50-day moving average is $252.92 and its 200 day moving average is $233.13. T-Mobile US has a 52 week low of $159.14 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (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%. Equities research analysts predict that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company's stock.

Institutional Investors Weigh In On T-Mobile US

A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of T-Mobile US in the fourth quarter worth $1,802,393,000. Canada Pension Plan Investment Board lifted its position in T-Mobile US by 85.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after acquiring an additional 2,777,657 shares during the last quarter. Raymond James Financial Inc. bought a new stake in T-Mobile US during the fourth quarter valued at about $452,721,000. Capital International Investors grew its position in shares of T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of T-Mobile US by 38.8% in the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock worth $764,947,000 after purchasing an additional 968,444 shares during the period. 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.