T-Mobile US (NASDAQ:TMUS) PT Raised to $188.00

T-Mobile US (NASDAQ:TMUS) had its target price hoisted by stock analysts at Royal Bank of Canada from $184.00 to $188.00 in a report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the Wireless communications provider’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 14.94% from the company’s previous close.

A number of other research analysts have also recently commented on TMUS. KeyCorp increased their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Friday, January 26th. Tigress Financial raised their price objective on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Citigroup raised their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Wells Fargo & Company raised their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Buy” and an average price target of $186.87.

T-Mobile US Stock Performance

TMUS stock traded down $0.48 during midday trading on Friday, reaching $163.57. 3,842,264 shares of the company were exchanged, compared to its average volume of 4,512,289. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. The business has a 50-day moving average price of $162.44 and a two-hundred day moving average price of $156.81. T-Mobile US has a one year low of $124.92 and a one year high of $168.64. The firm has a market capitalization of $194.14 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 0.68 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. The firm had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.58 earnings per share. Equities research analysts forecast that T-Mobile US will post 8.83 EPS for the current year.

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the sale, the insider now owns 125,687 shares of the company’s stock, valued at approximately $20,514,632.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction on Monday, January 29th. The stock was sold at an average price of $161.85, for a total transaction of $31,546,183.50. Following the sale, the director now directly owns 689,930,831 shares in the company, valued at approximately $111,665,304,997.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the sale, the insider now directly owns 125,687 shares of the company’s stock, valued at approximately $20,514,632.14. The disclosure for this sale can be found here. Insiders sold a total of 5,800,979 shares of company stock valued at $940,632,554 in the last quarter. 0.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in T-Mobile US in the fourth quarter valued at approximately $3,338,708,000. Wellington Management Group LLP boosted its position in shares of T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after purchasing an additional 4,241,877 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of T-Mobile US by 243.9% in the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock worth $409,040,000 after buying an additional 2,071,489 shares in the last quarter. Putnam Investments LLC raised its stake in T-Mobile US by 74.6% during the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after purchasing an additional 1,682,743 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of T-Mobile US by 90.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock valued at $350,983,000 after acquiring an additional 1,190,813 shares during the period. 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.