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

T-Mobile US (NASDAQ:TMUS)‘s stock had its “buy” rating restated by research analysts at Benchmark in a research note issued to investors on Thursday,Benzinga reports. They presently have a $275.00 target price on the Wireless communications provider’s stock. Benchmark’s price objective points to a potential upside of 3.80% from the stock’s current price.

Several other analysts also recently weighed in on the company. Oppenheimer boosted their price target on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Scotiabank increased their price objective on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $256.80.

T-Mobile US Trading Down 1.2 %

T-Mobile US stock opened at $264.93 on Thursday. T-Mobile US has a one year low of $159.14 and a one year high of $276.49. The stock has a market cap of $302.48 billion, a PE ratio of 27.40, a price-to-earnings-growth 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 stock has a 50-day moving average of $252.92 and a two-hundred day moving average of $232.64.

T-Mobile US (NASDAQ:TMUS) last released its earnings results 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 net margin of 13.93% and a return on equity of 18.09%. On average, research analysts anticipate that T-Mobile US will post 10.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company’s stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors have recently bought and sold shares of TMUS. Ancora Advisors LLC grew its holdings in shares of T-Mobile US by 16.6% during the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 37 shares during the period. Snowden Capital Advisors LLC lifted its position in T-Mobile US by 0.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider’s stock valued at $1,411,000 after buying an additional 40 shares during the last quarter. Signaturefd LLC boosted its stake in T-Mobile US by 0.4% during the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider’s stock worth $2,499,000 after buying an additional 41 shares during the period. Continuum Advisory LLC increased its position in shares of T-Mobile US by 0.7% during the fourth quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider’s stock valued at $1,340,000 after acquiring an additional 43 shares during the last quarter. Finally, JSF Financial LLC raised its stake in shares of T-Mobile US by 0.9% in the 4th quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider’s stock valued at $1,117,000 after acquiring an additional 44 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

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.