Royal Bank of Canada Boosts T-Mobile US (NASDAQ:TMUS) Price Target to $188.00

T-Mobile US (NASDAQ:TMUS) had its price target upped by Royal Bank of Canada from $184.00 to $188.00 in a research note released on Friday, Benzinga reports. The firm currently has an outperform rating on the Wireless communications provider’s stock.

Several other equities analysts have also recently commented on TMUS. Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an overweight rating in a research note on Monday, January 22nd. Raymond James upped their price target on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a strong-buy rating in a report on Friday, January 26th. Benchmark reissued a buy rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Friday, January 26th. Citigroup upped their target price on T-Mobile US from $176.00 to $184.00 and gave the stock a buy rating in a research note on Monday, March 25th. Finally, Tigress Financial lifted their price target on T-Mobile US from $204.00 to $205.00 and gave the company a buy rating in a research report on Thursday, February 8th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, T-Mobile US currently has an average rating of Buy and a consensus price target of $186.33.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $163.96 on Friday. The firm has a market capitalization of $194.60 billion, a PE ratio of 22.31, a P/E/G ratio of 0.68 and a beta of 0.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average price of $162.51 and a two-hundred day moving average price of $156.98. T-Mobile US has a twelve month low of $124.92 and a twelve month high of $168.64.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.45%. The company had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. During the same period last year, the firm earned $1.58 EPS. T-Mobile US’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts forecast that T-Mobile US will post 8.83 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.59%. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $161.85, for a total value of $31,546,183.50. Following the transaction, the director now directly owns 689,930,831 shares of the company’s stock, valued at approximately $111,665,304,997.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $161.85, for a total value of $31,546,183.50. Following the sale, the director now owns 689,930,831 shares of the company’s stock, valued at approximately $111,665,304,997.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO G Michael Sievert sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $161.05, for a total transaction of $6,442,000.00. Following the transaction, the chief executive officer now directly owns 496,036 shares of the company’s stock, valued at $79,886,597.80. The disclosure for this sale can be found here. Insiders sold 6,180,319 shares of company stock worth $1,002,629,987 in the last ninety days. 0.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Wealth Management Group LLC purchased a new position in T-Mobile US during the 4th quarter valued at $27,000. Westside Investment Management Inc. boosted its position in T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares in the last quarter. Valley National Advisers Inc. grew its holdings in shares of T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 123 shares during the period. BluePath Capital Management LLC bought a new position in shares of T-Mobile US in the 3rd quarter worth approximately $26,000. Finally, Baker Avenue Asset Management LP lifted its stake in shares of T-Mobile US by 63.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 81 shares during the period. 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.