T-Mobile US (NASDAQ:TMUS) Earns "Buy" Rating from Royal Bank Of Canada

Key Points

• T-Mobile US received a "Buy" rating reissued by Royal Bank of Canada, reflecting positive sentiment on the stock amidst various analysts' upgrades and downgrades.
• The company's stock is currently trading at $217.59, with a target price consensus averaging $267.77 following mixed evaluations from multiple financial institutions.
• T-Mobile's latest earnings report showed $21.96 billion in revenue, exceeding expectations, and a 14.53% net margin, indicating strong financial performance year-over-year.

T-Mobile US (NASDAQ:TMUS - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Royal Bank Of Canada in a report issued on Friday,MarketScreener reports.

A number of other research analysts have also recently issued reports on the company. Barclays decreased their target price on T-Mobile US from $250.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday. Moffett Nathanson boosted their target price on T-Mobile US from $210.00 to $230.00 and gave the company a "neutral" rating in a research note on Thursday, October 2nd. BNP Paribas Exane boosted their target price on T-Mobile US from $290.00 to $305.00 and gave the company an "outperform" rating in a research note on Monday, October 6th. The Goldman Sachs Group began coverage on T-Mobile US in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 target price for the company. Finally, Wells Fargo & Company raised T-Mobile US from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $267.77.

T-Mobile US Stock Down 1.1%

NASDAQ:TMUS opened at $217.59 on Friday. T-Mobile US has a 1 year low of $208.39 and a 1 year high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The stock has a market cap of $244.88 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.56 and a beta of 0.59. The stock has a 50-day moving average price of $240.04 and a two-hundred day moving average price of $240.85.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.96 billion during the quarter, compared to analysts' expectations of $21.61 billion. During the same period in the previous year, the firm earned $2.61 earnings per share. The company's revenue was up 8.9% on a year-over-year basis. As a group, equities analysts expect that T-Mobile US will post 10.37 earnings per share for the current year.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the transaction, the director owned 636,271,724 shares in the company, valued at approximately $159,621,487,399.88. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 2,389,677 shares of company stock worth $575,795,321 in the last 90 days. 0.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On T-Mobile US

A number of hedge funds have recently added to or reduced their stakes in TMUS. GAMMA Investing LLC increased its stake in T-Mobile US by 10.2% during the 1st quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider's stock worth $3,054,000 after acquiring an additional 1,059 shares during the period. Spire Wealth Management increased its stake in T-Mobile US by 226.0% during the 1st quarter. Spire Wealth Management now owns 5,712 shares of the Wireless communications provider's stock worth $1,523,000 after acquiring an additional 3,960 shares during the period. Golden State Wealth Management LLC increased its stake in T-Mobile US by 1,255.6% during the 1st quarter. Golden State Wealth Management LLC now owns 2,779 shares of the Wireless communications provider's stock worth $741,000 after acquiring an additional 2,574 shares during the period. Perigon Wealth Management LLC boosted its holdings in shares of T-Mobile US by 7.0% in the 1st quarter. Perigon Wealth Management LLC now owns 3,892 shares of the Wireless communications provider's stock valued at $1,038,000 after purchasing an additional 256 shares in the last quarter. Finally, Pure Financial Advisors LLC acquired a new stake in shares of T-Mobile US in the 1st quarter valued at $358,000. Institutional investors own 42.49% of the company's stock.

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.

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