T-Mobile US (NASDAQ:TMUS) Price Target Increased to $220.00 by Analysts at Benchmark

T-Mobile US (NASDAQ:TMUS) had its price objective increased by equities researchers at Benchmark from $200.00 to $220.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the Wireless communications provider’s stock. Benchmark’s price objective would suggest a potential upside of 18.76% from the company’s current price.

Several other analysts have also recently issued reports on the company. The Goldman Sachs Group started coverage on T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 target price for the company. Barclays increased their target price on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank of Canada lifted their target price on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a report on Wednesday, April 3rd. Finally, StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday. Sixteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $196.75.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded up $2.96 during trading on Thursday, hitting $185.24. 2,453,211 shares of the company’s stock were exchanged, compared to its average volume of 4,732,721. The stock has a market capitalization of $217.07 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 0.72 and a beta of 0.51. T-Mobile US has a 52-week low of $131.47 and a 52-week high of $185.47. The business has a 50-day simple moving average of $176.92 and a 200-day simple moving average of $167.69. 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:TMUS) last announced its quarterly earnings results 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 firm had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. T-Mobile US’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.86 EPS. On average, research analysts forecast that T-Mobile US will post 8.99 EPS for the current year.

Insider Buying and Selling

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the sale, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the sale, the insider now owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Peter Osvaldik sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $180.98, for a total value of $1,809,800.00. Following the completion of the transaction, the chief financial officer now directly owns 81,307 shares of the company’s stock, valued at $14,714,940.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,199,458 shares of company stock worth $715,113,398. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Several hedge funds have recently modified their holdings of the company. WASHINGTON TRUST Co raised its holdings in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of T-Mobile US during the second quarter worth approximately $27,000. Private Wealth Management Group LLC purchased a new position in shares of T-Mobile US during the 4th quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in T-Mobile US in the 2nd quarter worth about $30,000. Finally, Westside Investment Management Inc. raised its position in T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.