T-Mobile US (NASDAQ:TMUS) Earns Buy Rating from Benchmark

T-Mobile US (NASDAQ:TMUS)‘s stock had its “buy” rating reissued by research analysts at Benchmark in a report released on Tuesday,Benzinga reports. They currently have a $255.00 price objective on the Wireless communications provider’s stock. Benchmark’s price objective would indicate a potential upside of 14.42% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Sanford C. Bernstein initiated coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target on the stock. Royal Bank of Canada cut shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $255.00 to $240.00 in a report on Monday, January 6th. Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a report on Friday, October 25th. UBS Group increased their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $245.74.

T-Mobile US Trading Up 0.6 %

Shares of NASDAQ:TMUS traded up $1.44 during trading on Tuesday, reaching $222.87. 355,060 shares of the company were exchanged, compared to its average volume of 3,509,276. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The firm has a market capitalization of $258.63 billion, a PE ratio of 25.42, a P/E/G ratio of 1.08 and a beta of 0.56. The business’s fifty day simple moving average is $226.93 and its 200-day simple moving average is $212.07. T-Mobile US has a 12-month low of $158.84 and a 12-month high of $248.15.

Insider Activity

In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the sale, the director now directly owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. The trade was a 7.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andre Almeida bought 3,808 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the transaction, the director now owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 144,200 shares of company stock worth $32,736,303 over the last three months. 0.67% of the stock is currently owned by corporate insiders.

Institutional Trading of T-Mobile US

Hedge funds have recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC purchased a new position in T-Mobile US during the second quarter worth approximately $863,000. Quarry LP boosted its holdings in T-Mobile US by 12.5% in the 2nd quarter. Quarry LP now owns 748 shares of the Wireless communications provider’s stock valued at $132,000 after purchasing an additional 83 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of T-Mobile US by 16.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 25,284 shares of the Wireless communications provider’s stock worth $4,455,000 after buying an additional 3,590 shares during the last quarter. EP Wealth Advisors LLC increased its stake in T-Mobile US by 13.9% during the second quarter. EP Wealth Advisors LLC now owns 5,906 shares of the Wireless communications provider’s stock worth $1,040,000 after acquiring an additional 721 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in shares of T-Mobile US by 28.1% during the 2nd quarter. Truist Financial Corp now owns 484,891 shares of the Wireless communications provider’s stock worth $85,428,000 after purchasing an additional 106,489 shares during the period. Institutional investors and hedge funds 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.