Royal Bank of Canada Forecasts Strong Price Appreciation for T-Mobile US (NASDAQ:TMUS) Stock

T-Mobile US (NASDAQ:TMUS) had its target price increased by analysts at Royal Bank of Canada from $245.00 to $260.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the Wireless communications provider’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 1.25% from the company’s previous close.

Several other research firms have also recently weighed in on TMUS. JPMorgan Chase & Co. raised their price target on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Morgan Stanley began coverage on shares of T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 price target for the company. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Bank of America raised their price target on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $255.80.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded down $0.23 during trading on Friday, hitting $256.80. 2,264,356 shares of the company were exchanged, compared to its average volume of 3,954,228. T-Mobile US has a 52-week low of $158.84 and a 52-week high of $276.49. The stock has a 50 day moving average of $247.29 and a 200 day moving average of $229.96. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company has a market cap of $293.20 billion, a PE ratio of 26.55, a P/E/G ratio of 1.55 and a beta of 0.64.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, equities research analysts predict that T-Mobile US will post 10.37 EPS for the current year.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dunhill Financial LLC grew its holdings in T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares during the period. Rakuten Securities Inc. raised its stake in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US in the fourth quarter worth $28,000. Financial Life Planners purchased a new stake in shares of T-Mobile US in the fourth quarter worth $29,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of T-Mobile US during the third quarter valued at $34,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

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.