Royal Bank Of Canada Cuts T-Mobile US (NASDAQ:TMUS) Price Target to $255.00

T-Mobile US (NASDAQ:TMUS) had its target price dropped by analysts at Royal Bank Of Canada from $270.00 to $255.00 in a note issued to investors on Friday,MarketScreener reports. The firm presently has an “outperform” rating on the Wireless communications provider’s stock. Royal Bank Of Canada’s price target points to a potential upside of 36.86% from the stock’s previous close.

TMUS has been the topic of a number of other research reports. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a report on Monday, December 15th. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Williams Trading set a $263.00 target price on T-Mobile US in a report on Friday, October 24th. Rothschild Redb raised T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Finally, Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $257.76.

T-Mobile US Trading Down 2.3%

T-Mobile US stock opened at $186.32 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $208.40 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 1.05 and a beta of 0.45. The firm has a 50-day moving average price of $202.79 and a two-hundred day moving average price of $224.38. T-Mobile US has a 52-week low of $185.18 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the prior year, the business posted $2.61 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts expect that T-Mobile US will post 10.37 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Srini Gopalan bought 9,800 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was acquired at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the transaction, the chief executive officer directly owned 90,258 shares in the company, valued at approximately $18,215,869.56. This trade represents a 12.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Letitia A. Long sold 1,457 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $210.32, for a total value of $306,436.24. Following the completion of the sale, the director owned 5,438 shares in the company, valued at $1,143,720.16. This trade represents a 21.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 335,193 shares of company stock valued at $74,665,129 over the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC purchased a new stake in T-Mobile US in the second quarter worth $284,000. Fulton Bank N.A. boosted its stake in T-Mobile US by 18.3% in the second quarter. Fulton Bank N.A. now owns 3,862 shares of the Wireless communications provider’s stock worth $920,000 after buying an additional 597 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at $49,000. Assenagon Asset Management S.A. raised its holdings in T-Mobile US by 518.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock valued at $329,733,000 after buying an additional 1,160,275 shares during the last quarter. Finally, Miller Howard Investments Inc. NY boosted its position in T-Mobile US by 1.1% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 40,241 shares of the Wireless communications provider’s stock valued at $9,588,000 after acquiring an additional 454 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.