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

T-Mobile US (NASDAQ:TMUS) had its target price lifted by analysts at Royal Bank of Canada from $240.00 to $245.00 in a report released 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 objective suggests a potential upside of 3.69% from the stock’s current price.

Several other research firms have also weighed in on TMUS. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday. Scotiabank lifted their target price on T-Mobile US from $234.00 to $247.00 and gave the company a “sector perform” rating in a research report on Thursday. TD Cowen lifted their target price on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Barclays boosted their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Seven investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $248.11.

T-Mobile US Trading Up 0.5 %

Shares of NASDAQ:TMUS traded up $1.14 during midday trading on Thursday, hitting $236.29. The company had a trading volume of 1,652,478 shares, compared to its average volume of 3,883,760. T-Mobile US has a 12 month low of $158.84 and a 12 month high of $248.15. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock has a market cap of $274.21 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 1.08 and a beta of 0.56. The firm has a fifty day simple moving average of $226.37 and a 200 day simple moving average of $212.82.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. On average, analysts predict that T-Mobile US will post 9.3 EPS for the current year.

Insider Buying and Selling at T-Mobile US

In other news, Director Andre Almeida purchased 3,808 shares of the business’s stock in a transaction on Monday, December 9th. The shares were acquired at an average price of $235.72 per share, with a total value of $897,621.76. Following the completion of the transaction, the director now owns 3,808 shares of the company’s stock, valued at $897,621.76. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 144,200 shares of company stock valued at $32,736,303. 0.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. DT Investment Partners LLC lifted its holdings in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares during the last quarter. Dunhill Financial LLC increased its position in shares of T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares during the period. MFA Wealth Advisors LLC increased its position in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 77 shares during the period. Financial Life Planners purchased a new position in shares of T-Mobile US in the fourth quarter valued at about $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of T-Mobile US in the third quarter valued at about $34,000. 42.49% of the stock is owned by 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.