Royal Bank Of Canada Cuts T-Mobile US (NASDAQ:TMUS) Price Target to $255.00

T-Mobile US (NASDAQ:TMUS) had its price target decreased by Royal Bank Of Canada from $270.00 to $255.00 in a research report sent to investors on Friday morning,MarketScreener reports. Royal Bank Of Canada currently has an outperform rating on the Wireless communications provider’s stock.

A number of other research analysts have also recently commented on the company. Barclays restated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, January 13th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, October 28th. Weiss Ratings cut shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Morgan Stanley cut their price target on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Finally, HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target on the stock in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.76.

T-Mobile US Trading Down 2.3%

Shares of TMUS stock opened at $186.32 on Friday. The stock has a market cap of $208.40 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.02 and a beta of 0.45. T-Mobile US has a 1 year low of $185.18 and a 1 year high of $276.49. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The stock has a 50 day simple moving average of $202.79 and a 200 day simple moving average of $224.17.

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

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is currently 39.23%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 1,374 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the sale, the director owned 582,065,875 shares of the company’s stock, valued at approximately $128,322,242,802.50. The trade was a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Letitia A. Long sold 1,457 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the transaction, the director owned 5,438 shares of the company’s stock, valued at $1,143,720.16. This trade represents a 21.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 270,767 shares of company stock valued at $59,921,239. Corporate insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Large investors have recently bought and sold shares of the company. Louisbourg Investments Inc. increased its stake in shares of T-Mobile US by 53.5% in the fourth quarter. Louisbourg Investments Inc. now owns 41,923 shares of the Wireless communications provider’s stock valued at $8,512,000 after buying an additional 14,604 shares during the period. Heck Capital Advisors LLC boosted its position in T-Mobile US by 2.7% during the 4th quarter. Heck Capital Advisors LLC now owns 2,959 shares of the Wireless communications provider’s stock worth $601,000 after buying an additional 77 shares during the period. Tempus Wealth Planning LLC grew its holdings in T-Mobile US by 7.3% during the 4th quarter. Tempus Wealth Planning LLC now owns 3,296 shares of the Wireless communications provider’s stock worth $669,000 after acquiring an additional 223 shares during the last quarter. Wealth Advisory Solutions LLC acquired a new position in T-Mobile US in the 4th quarter valued at approximately $5,016,000. Finally, YHB Investment Advisors Inc. increased its position in T-Mobile US by 8.3% in the 4th quarter. YHB Investment Advisors Inc. now owns 31,756 shares of the Wireless communications provider’s stock valued at $6,448,000 after acquiring an additional 2,441 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Company Profile

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.