T-Mobile US (NASDAQ:TMUS) Rating Reiterated by Oppenheimer

T-Mobile US (NASDAQ:TMUS - Get Free Report)'s stock had its "outperform" rating reissued by Oppenheimer in a research report issued on Wednesday, Benzinga reports. They currently have a $190.00 target price on the Wireless communications provider's stock. Oppenheimer's price objective would indicate a potential upside of 16.38% from the company's previous close.

TMUS has been the topic of a number of other reports. Benchmark restated a "buy" rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Friday, January 26th. Royal Bank of Canada restated an "outperform" rating and issued a $184.00 price objective on shares of T-Mobile US in a research note on Wednesday, March 20th. UBS Group boosted their price objective on T-Mobile US from $180.00 to $186.00 and gave the company a "buy" rating in a research note on Wednesday, December 13th. KeyCorp lowered their price objective on T-Mobile US from $183.00 to $175.00 and set an "overweight" rating on the stock in a research note on Friday, January 26th. Finally, Citigroup boosted their price objective on T-Mobile US from $176.00 to $184.00 and gave the company a "buy" rating in a research note on Monday, March 25th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US has an average rating of "Buy" and an average target price of $185.93.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded up $1.18 during midday trading on Wednesday, reaching $163.26. The company had a trading volume of 3,245,269 shares, compared to its average volume of 4,619,485. The company's 50 day moving average price is $162.54 and its 200 day moving average price is $154.44. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18. The stock has a market cap of $193.77 billion, a P/E ratio of 23.39, a P/E/G ratio of 0.66 and a beta of 0.49. T-Mobile US has a 52-week low of $124.92 and a 52-week high of $168.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.90 by ($0.23). The company had revenue of $20.48 billion during the quarter, compared to analysts' expectations of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. T-Mobile US's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $1.18 earnings per share. As a group, sell-side analysts anticipate that T-Mobile US will post 8.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael J. Katz sold 6,655 shares of the company's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $161.23, for a total value of $1,072,985.65. Following the transaction, the insider now directly owns 126,616 shares in the company, valued at $20,414,297.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other T-Mobile US news, insider Michael J. Katz sold 6,655 shares of the company's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the sale, the insider now owns 126,616 shares of the company's stock, valued at $20,414,297.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael J. Katz sold 3,000 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the sale, the insider now directly owns 125,687 shares of the company's stock, valued at approximately $20,514,632.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,923,807 shares of company stock worth $964,126,290. Insiders own 0.70% of the company's stock.

Institutional Trading of T-Mobile US

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new stake in T-Mobile US in the fourth quarter worth approximately $300,000. HighPoint Advisor Group LLC purchased a new stake in T-Mobile US in the fourth quarter worth approximately $1,350,000. Grayhawk Investment Strategies Inc. purchased a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $170,000. Skyline Advisors Inc. purchased a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $213,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of T-Mobile US by 10.5% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 23,980 shares of the Wireless communications provider's stock valued at $3,845,000 after purchasing an additional 2,286 shares during the period. Hedge funds and other institutional investors 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.