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

T-Mobile US (NASDAQ:TMUS) had its price target hoisted by equities researchers at Royal Bank of Canada from $245.00 to $260.00 in a research note issued to investors 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 suggest a potential upside of 1.63% from the stock’s current price.

Several other equities analysts have also commented on the company. HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. Bank of America raised their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Oppenheimer lifted their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Tigress Financial reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.80.

T-Mobile US Price Performance

Shares of TMUS stock opened at $255.84 on Friday. The company has a market capitalization of $292.10 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.55 and a beta of 0.64. The company’s 50-day simple moving average is $248.19 and its two-hundred day simple moving average is $230.56. T-Mobile US has a one year low of $159.14 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data 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 18.09% and a net margin of 13.93%. As a group, equities analysts anticipate that T-Mobile US will post 10.37 EPS for the current year.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DSG Capital Advisors LLC acquired a new position in shares of T-Mobile US in the 4th quarter valued at $4,218,000. 111 Capital purchased a new stake in T-Mobile US during the 4th quarter valued at about $4,213,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of T-Mobile US by 9.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 553,174 shares of the Wireless communications provider’s stock valued at $122,102,000 after purchasing an additional 46,889 shares during the period. Centaurus Financial Inc. raised its stake in shares of T-Mobile US by 3.9% in the fourth quarter. Centaurus Financial Inc. now owns 6,347 shares of the Wireless communications provider’s stock worth $1,401,000 after purchasing an additional 239 shares during the last quarter. Finally, Old North State Trust LLC raised its stake in shares of T-Mobile US by 9.2% in the fourth quarter. Old North State Trust LLC now owns 3,972 shares of the Wireless communications provider’s stock worth $877,000 after purchasing an additional 335 shares during the last quarter. 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.