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

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

TMUS has been the subject of a number of other reports. Citigroup lifted their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Morgan Stanley lifted their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Raymond James lifted their target price 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. Wells Fargo & Company lifted their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Finally, Tigress Financial lifted their target price on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $186.33.

T-Mobile US Trading Down 0.1 %

Shares of NASDAQ TMUS opened at $163.96 on Friday. T-Mobile US has a 1 year low of $124.92 and a 1 year high of $168.64. The stock has a market cap of $194.60 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 0.68 and a beta of 0.49. The firm has a 50-day moving average of $162.51 and a 200 day moving average of $157.08. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $19.81 billion. During the same period last year, the company posted $1.58 EPS. T-Mobile US’s revenue was down .2% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US will post 8.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were 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 directly owns 678,107,041 shares in the company, valued at $110,707,755,513.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other T-Mobile US news, CEO G Michael Sievert sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $161.05, for a total value of $6,442,000.00. Following the completion of the transaction, the chief executive officer now directly owns 496,036 shares in the company, valued at $79,886,597.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 678,107,041 shares of the company’s stock, valued at $110,707,755,513.66. The disclosure for this sale can be found here. Insiders sold a total of 6,180,319 shares of company stock worth $1,002,629,987 over the last three months. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds have recently modified their holdings of the company. Private Wealth Management Group LLC purchased a new position in shares of T-Mobile US in the fourth quarter worth $27,000. Westside Investment Management Inc. lifted its holdings in shares of 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 worth $28,000 after buying an additional 75 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in shares of 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 worth $28,000 after buying an additional 123 shares in the last quarter. BluePath Capital Management LLC purchased a new position in shares of T-Mobile US in the third quarter worth $26,000. Finally, Baker Avenue Asset Management LP lifted its holdings in shares of 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 worth $29,000 after buying an additional 81 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Company Profile

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.