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

T-Mobile US (NASDAQ:TMUS) had its price target lifted by investment analysts at Royal Bank of Canada from $240.00 to $245.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the Wireless communications provider’s stock. Royal Bank of Canada’s price target indicates a potential upside of 5.16% from the stock’s previous close.

A number of other equities analysts have also weighed in on TMUS. Sanford C. Bernstein began coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target on the stock. Daiwa America raised T-Mobile US to a “hold” rating in a report on Friday, October 25th. Scotiabank boosted their price objective on T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a research note on Thursday. Benchmark reaffirmed a “buy” rating and issued a $255.00 target price on shares of T-Mobile US in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $250.21.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $232.97 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The business has a 50 day simple moving average of $226.32 and a two-hundred day simple moving average of $212.97. The stock has a market capitalization of $270.36 billion, a P/E ratio of 24.09, a PEG ratio of 1.17 and a beta of 0.56. T-Mobile US has a 12 month low of $158.84 and a 12 month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.00% and a net margin of 13.93%. As a group, analysts predict that T-Mobile US will post 10.15 EPS for the current fiscal year.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Andre Almeida purchased 3,808 shares of the company’s stock in a transaction on Monday, December 9th. The stock was acquired at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the purchase, the director now directly owns 3,808 shares in the company, valued at approximately $897,621.76. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raul Marcelo Claure sold 110,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the sale, the director now owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. The trade was a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,200 shares of company stock worth $32,736,303. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. JSF Financial LLC grew its position in shares of T-Mobile US by 0.9% during the fourth quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider’s stock worth $1,117,000 after buying an additional 44 shares in the last quarter. KPP Advisory Services LLC grew its holdings in T-Mobile US by 2.6% during the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock worth $360,000 after acquiring an additional 45 shares in the last quarter. DT Investment Partners LLC increased its position in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the last quarter. D Orazio & Associates Inc. raised its holdings in shares of T-Mobile US by 3.7% in the 4th quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider’s stock valued at $290,000 after purchasing an additional 47 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC lifted its position in shares of T-Mobile US by 4.3% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider’s stock worth $252,000 after purchasing an additional 47 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

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.