T-Mobile US (NASDAQ:TMUS) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

T-Mobile US (NASDAQ:TMUS) had its target price lifted by investment analysts at Royal Bank of Canada from $245.00 to $260.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the Wireless communications provider’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 1.63% from the stock’s previous close.

A number of other brokerages also recently issued reports on TMUS. HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a report on Wednesday, March 5th. Sanford C. Bernstein started coverage on T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price target on the stock. Morgan Stanley began coverage on T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price on the stock. Barclays boosted their price target on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Tigress Financial reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $255.80.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $255.84 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market capitalization of $292.10 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US has a one year low of $159.14 and a one year high of $276.49. The company’s 50-day moving average is $248.19 and its 200 day moving average is $230.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Sell-side analysts expect that T-Mobile US will post 10.37 EPS for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently made changes to their positions in TMUS. Principal Financial Group Inc. lifted its position in T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after buying an additional 47,350 shares during the last quarter. Quest Partners LLC bought a new position in T-Mobile US during the 3rd quarter valued at about $643,000. Prospera Financial Services Inc raised its position in T-Mobile US by 40.4% in the 3rd quarter. Prospera Financial Services Inc now owns 6,849 shares of the Wireless communications provider’s stock worth $1,414,000 after purchasing an additional 1,972 shares during the period. Prospera Private Wealth LLC bought a new stake in T-Mobile US in the third quarter worth about $119,000. Finally, First Horizon Advisors Inc. boosted its position in shares of T-Mobile US by 8.9% during the third quarter. First Horizon Advisors Inc. now owns 1,219 shares of the Wireless communications provider’s stock valued at $252,000 after buying an additional 100 shares during the period. 42.49% of the stock is 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.