T-Mobile US (NASDAQ:TMUS) PT Raised to $232.00 at Royal Bank of Canada

T-Mobile US (NASDAQ:TMUS) had its price objective raised by equities researchers at Royal Bank of Canada from $200.00 to $232.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the Wireless communications provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 13.02% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Citigroup upped their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, July 19th. TD Cowen increased their target price on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley boosted their price target on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 price objective for the company. Finally, StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Eighteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $214.36.

T-Mobile US Stock Performance

TMUS traded up $2.03 during midday trading on Friday, reaching $205.28. The company had a trading volume of 1,202,153 shares, compared to its average volume of 4,598,727. T-Mobile US has a 1 year low of $135.82 and a 1 year high of $208.16. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The company has a market cap of $240.56 billion, a P/E ratio of 27.91, a P/E/G ratio of 1.07 and a beta of 0.51. The business has a 50-day moving average of $193.89 and a two-hundred day moving average of $177.49.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the business earned $1.86 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts predict that T-Mobile US will post 9.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now directly owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the sale, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 306,492 shares of company stock worth $60,078,776. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. WASHINGTON TRUST Co lifted its stake in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of T-Mobile US during the second quarter valued at $27,000. Y.D. More Investments Ltd purchased a new stake in shares of T-Mobile US during the second quarter valued at $27,000. Westside Investment Management Inc. grew 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 purchasing an additional 75 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of T-Mobile US during the second quarter worth approximately $30,000. 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.