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

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

A number of other research analysts also recently commented on TMUS. KeyCorp lifted 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 report on Friday. Citigroup increased their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a "buy" rating in a report on Monday, March 25th. Benchmark reaffirmed a "buy" rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Friday, January 26th. Morgan Stanley upped their price target on T-Mobile US from $180.00 to $186.00 and gave the stock an "overweight" rating in a research note on Monday, January 29th. Finally, Raymond James raised their target price on T-Mobile US from $180.00 to $185.00 and gave the company a "strong-buy" rating in a report on Friday, January 26th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $186.33.

T-Mobile US Stock Down 0.1 %

Shares of NASDAQ:TMUS traded down $0.09 during midday trading on Friday, hitting $163.96. 7,968,973 shares of the stock were exchanged, compared to its average volume of 4,564,574. The company has a market capitalization of $194.60 billion, a PE ratio of 23.64, a P/E/G ratio of 0.68 and a beta of 0.49. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US has a 52-week low of $124.92 and a 52-week high of $168.64. The business's fifty day simple moving average is $162.44 and its two-hundred day simple moving average is $156.81.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The firm had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same quarter in the previous year, the firm posted $1.58 EPS. The business's revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts predict that T-Mobile US will post 8.83 earnings per share for the current fiscal year.

Insider Activity at T-Mobile US

In related news, insider Callie R. Field sold 5,844 shares of the company's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the transaction, the insider now owns 102,555 shares in the company, valued at $17,274,364.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Callie R. Field sold 5,844 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now directly owns 102,555 shares of the company's stock, valued at $17,274,364.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Telekom Ag Deutsche sold 194,910 shares of the firm's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $167.53, for a total value of $32,653,272.30. Following the completion of the transaction, the director now directly owns 684,863,171 shares in the company, valued at $114,735,127,037.63. The disclosure for this sale can be found here. Insiders have sold a total of 5,800,979 shares of company stock valued at $940,632,554 over the last 90 days. 0.70% of the stock is owned by insiders.

Institutional Investors Weigh In On T-Mobile US

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMUS. BluePath Capital Management LLC purchased a new position in T-Mobile US in the third quarter worth $26,000. Private Wealth Management Group LLC purchased a new stake in shares of T-Mobile US during the fourth quarter worth about $27,000. Valley National Advisers Inc. lifted its holdings in T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 123 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of 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 during the last quarter. Finally, Baker Avenue Asset Management LP boosted its stake in T-Mobile US by 63.3% during 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 during the period. 42.49% of the stock is currently owned by hedge funds and other 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.