Benchmark Forecasts Strong Price Appreciation for T-Mobile US (NASDAQ:TMUS) Stock

Key Points

• Benchmark has increased its price target for T-Mobile US from $275.00 to $295.00, indicating a potential upside of 30.41% from its current stock price.
• Multiple analysts have varying ratings for T-Mobile US, with a consensus rating of Moderate Buy and an average target price of $265.13.
• T-Mobile US reported a net income of $2.84 earnings per share for the last quarter, surpassing analysts' expectations and showing a revenue increase of 6.9% year-over-year.

T-Mobile US (NASDAQ:TMUS - Get Free Report) had its price target increased by Benchmark from $275.00 to $295.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the Wireless communications provider's stock. Benchmark's target price would suggest a potential upside of 30.41% from the stock's current price.

Several other analysts have also weighed in on TMUS. Moffett Nathanson upped their target price on T-Mobile US from $210.00 to $230.00 and gave the company a "neutral" rating in a report on Thursday, October 2nd. The Goldman Sachs Group started coverage on T-Mobile US in a research note on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price target for the company. Royal Bank Of Canada upped their price target on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Rothschild Redb upgraded T-Mobile US to a "hold" rating in a research note on Tuesday, September 30th. Finally, Bank of America assumed coverage on T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $265.13.

T-Mobile US Price Performance

TMUS stock opened at $226.21 on Friday. The stock has a market cap of $254.58 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.48 and a beta of 0.59. T-Mobile US has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The business has a 50 day moving average price of $243.52 and a 200 day moving average price of $243.23. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.49 earnings per share. Equities research analysts anticipate that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $224.60, for a total value of $14,470,079.60. Following the sale, the director directly owned 628,168,603 shares in the company, valued at approximately $141,086,668,233.80. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders sold 2,434,575 shares of company stock valued at $588,274,010. Corporate insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Pallas Capital Advisors LLC boosted its stake in shares of T-Mobile US by 57.7% during the 1st quarter. Pallas Capital Advisors LLC now owns 1,865 shares of the Wireless communications provider's stock worth $497,000 after buying an additional 682 shares during the last quarter. GAMMA Investing LLC increased its stake in T-Mobile US by 10.2% in the first quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider's stock valued at $3,054,000 after acquiring an additional 1,059 shares during the last quarter. Simplicity Wealth LLC bought a new stake in shares of T-Mobile US during the first quarter worth $228,000. Focus Financial Network Inc. bought a new stake in shares of T-Mobile US during the first quarter worth $262,000. Finally, Simon Quick Advisors LLC lifted its holdings in shares of T-Mobile US by 19.7% during the first quarter. Simon Quick Advisors LLC now owns 3,962 shares of the Wireless communications provider's stock worth $1,057,000 after purchasing an additional 653 shares during the period. Institutional investors and hedge funds 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.

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