T-Mobile US (NASDAQ:TMUS) Given New $255.00 Price Target at Royal Bank Of Canada

T-Mobile US (NASDAQ:TMUS) had its price objective dropped by equities research analysts at Royal Bank Of Canada from $270.00 to $255.00 in a research report issued on Friday,MarketScreener reports. The brokerage presently has an “outperform” rating on the Wireless communications provider’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 36.86% from the company’s previous close.

A number of other brokerages have also commented on TMUS. Benchmark increased their price target on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Williams Trading set a $263.00 price objective on T-Mobile US in a research report on Friday, October 24th. TD Cowen dropped their target price on T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a report on Friday, October 24th. Scotiabank raised their price target on shares of T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a report on Monday, October 6th. Finally, Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $257.76.

T-Mobile US Stock Down 2.3%

TMUS opened at $186.32 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. T-Mobile US has a one year low of $185.18 and a one year high of $276.49. The firm has a market capitalization of $208.40 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.05 and a beta of 0.45. The company has a fifty day moving average price of $202.79 and a 200-day moving average price of $224.38.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same quarter last year, the company earned $2.61 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts expect that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael J. Katz sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the sale, the insider directly owned 156,203 shares in the company, valued at approximately $33,725,789.73. This trade represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director G Michael Sievert sold 22,500 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the transaction, the director owned 308,696 shares in the company, valued at $66,977,771.12. This trade represents a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 335,193 shares of company stock valued at $74,665,129. Insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of T-Mobile US in the 2nd quarter valued at about $1,477,780,000. Wellington Management Group LLP grew its holdings in shares of T-Mobile US by 47.5% in the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after acquiring an additional 4,335,368 shares during the period. Marshall Wace LLP raised its holdings in T-Mobile US by 2,303.2% during the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after purchasing an additional 1,878,654 shares during the last quarter. Viking Global Investors LP raised its position in T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares during the last quarter. Finally, Amundi raised its stake in T-Mobile US by 44.6% during the third quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock worth $924,380,000 after purchasing an additional 1,266,808 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.