T-Mobile US (NASDAQ:TMUS) Upgraded to "Outperform" at Royal Bank Of Canada

Key Points

• The stock of T-Mobile US was upgraded to an "outperform" rating by Royal Bank of Canada, with a target price of $270.00, indicating a potential upside of nearly 20% from its current price.
• Multiple analysts have raised their price targets for T-Mobile US, with Deutsche Bank increasing its target from $280.00 to $300.00, while Morgan Stanley raised its target from $265.00 to $285.00.
• In the latest quarterly earnings report, T-Mobile US reported $21.13 billion in revenue, exceeding analyst expectations, with earnings per share of $2.84, which was above the consensus estimate of $2.69.

T-Mobile US (NASDAQ:TMUS - Get Free Report) was upgraded by analysts at Royal Bank Of Canada from a "sector perform" rating to an "outperform" rating in a report released on Tuesday,Finviz reports. The firm currently has a $270.00 target price on the Wireless communications provider's stock. Royal Bank Of Canada's target price suggests a potential upside of 19.97% from the stock's current price.

Several other research firms have also recently weighed in on TMUS. Deutsche Bank Aktiengesellschaft increased their price objective on T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Morgan Stanley lifted their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Benchmark upped their target price on T-Mobile US from $275.00 to $295.00 and gave the company a "buy" rating in a research report on Friday. Finally, Rothschild Redb upgraded shares of T-Mobile US to a "hold" rating in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $265.13.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $225.06 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US has a 12-month low of $208.39 and a 12-month high of $276.49. The stock has a 50 day simple moving average of $243.04 and a 200-day simple moving average of $242.43. The company has a market cap of $253.29 billion, a PE ratio of 21.23, a P/E/G ratio of 1.56 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the firm posted $2.49 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that T-Mobile US will post 10.37 EPS for the current year.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the transaction, the director owned 628,039,751 shares in the company, valued at $142,043,750,483.67. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 2,359,321 shares of company stock valued at $570,950,708. Company insiders own 0.37% of the company's stock.

Institutional Trading of T-Mobile US

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in T-Mobile US in the second quarter worth about $1,477,780,000. Nuveen LLC bought a new position in shares of T-Mobile US during the 1st quarter valued at about $618,248,000. Marshall Wace LLP grew its holdings in T-Mobile US by 2,303.2% during the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider's stock valued at $428,174,000 after buying an additional 1,878,654 shares in the last quarter. Viking Global Investors LP increased its position in T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock worth $677,925,000 after purchasing an additional 1,279,422 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in T-Mobile US by 518.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider's stock valued at $329,733,000 after purchasing an additional 1,160,275 shares during the last quarter. Hedge funds and other 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.

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