T-Mobile US’s (TMUS) “Buy” Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of T-Mobile US (NASDAQ:TMUS) in a research report report published on Tuesday,Benzinga reports. Benchmark currently has a $255.00 price objective on the Wireless communications provider’s stock.

Several other research firms have also weighed in on TMUS. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Bank of America increased their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. TD Cowen raised their price target on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, UBS Group boosted their price objective on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $248.89.

T-Mobile US Trading Down 0.3 %

Shares of TMUS opened at $234.37 on Tuesday. The stock has a market cap of $271.98 billion, a PE ratio of 26.72, a PEG ratio of 1.08 and a beta of 0.56. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock has a 50 day simple moving average of $226.37 and a 200-day simple moving average of $212.82. T-Mobile US has a 1 year low of $158.84 and a 1 year high of $248.15.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. On average, sell-side analysts predict that T-Mobile US will post 9.3 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. T-Mobile US’s dividend payout ratio is currently 40.14%.

Insider Buying and Selling

In other T-Mobile US news, EVP Nestor Cano sold 11,100 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $1,015,300. This trade represents a 71.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now owns 5,021 shares in the company, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,200 shares of company stock worth $32,736,303 in the last 90 days. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Hedge funds and other institutional investors have recently modified their holdings of the company. DT Investment Partners LLC lifted its holdings in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares in the last quarter. Dunhill Financial LLC raised its holdings in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares during the period. MFA Wealth Advisors LLC raised its stake in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 77 shares during the period. Financial Life Planners purchased a new position in shares of T-Mobile US in the fourth quarter worth about $29,000. Finally, Legacy Investment Solutions LLC bought a new stake in T-Mobile US during the 3rd quarter valued at $34,000. 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.