T-Mobile US (NASDAQ:TMUS) PT Raised to $188.00 at Royal Bank of Canada

T-Mobile US (NASDAQ:TMUS) had its target price increased by analysts at Royal Bank of Canada from $184.00 to $188.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the Wireless communications provider’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 14.66% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. Citigroup upped their price objective 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. Wells Fargo & Company increased their price target on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Friday, January 26th. Oppenheimer restated an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a research note on Wednesday, April 3rd. Finally, Tigress Financial increased their price target on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. 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 stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $186.33.

T-Mobile US Trading Down 0.1 %

Shares of T-Mobile US stock opened at $163.96 on Friday. T-Mobile US has a 12-month low of $124.92 and a 12-month high of $168.64. The stock has a market cap of $194.60 billion, a P/E 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 business’s 50 day moving average is $162.51 and its 200-day moving average is $157.08.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a return on equity of 13.45% and a net margin of 11.15%. The company had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The business’s revenue was down .2% compared to the same quarter last year. Equities research analysts predict that T-Mobile US will post 8.83 earnings per share for the current fiscal year.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction on Friday, April 26th. The stock was sold at an average price of $163.26, for a total transaction of $30,965,524.20. Following the completion of the sale, the director now owns 678,107,041 shares of the company’s stock, valued at $110,707,755,513.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO G Michael Sievert sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $161.05, for a total value of $6,442,000.00. Following the transaction, the chief executive officer now owns 496,036 shares in the company, valued at $79,886,597.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $163.26, for a total value of $30,965,524.20. Following the completion of the transaction, the director now owns 678,107,041 shares in the company, valued at approximately $110,707,755,513.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,180,319 shares of company stock valued at $1,002,629,987. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. BluePath Capital Management LLC bought a new position in shares of T-Mobile US in the third quarter worth $26,000. Private Wealth Management Group LLC bought a new position in T-Mobile US in the fourth quarter valued at about $27,000. Valley National Advisers Inc. grew its position in T-Mobile US by 232.1% in the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 123 shares during the last quarter. Westside Investment Management Inc. grew its position in T-Mobile US by 75.8% in the first 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 during the last quarter. Finally, Baker Avenue Asset Management LP grew its position in T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 81 shares during the last quarter. 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.