T-Mobile US (NASDAQ:TMUS) Now Covered by Analysts at Royal Bank of Canada

Research analysts at Royal Bank of Canada initiated coverage on shares of T-Mobile US (NASDAQ:TMUS) in a research note issued on Thursday, TipRanks reports. The firm set a “hold” rating and a $133.00 price target on the Wireless communications provider’s stock. Royal Bank of Canada’s price target suggests a potential downside of 7.98% from the stock’s current price.

TMUS has been the subject of a number of other research reports. UBS Group reiterated a “buy” rating and issued a $170.00 price objective on shares of T-Mobile US in a report on Wednesday, May 5th. KeyCorp raised their price objective on shares of T-Mobile US from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday. The Goldman Sachs Group reissued a “buy” rating and issued a $160.00 price target on shares of T-Mobile US in a research report on Monday, April 12th. Societe Generale restated a “buy” rating and set a $170.00 price objective (up from $130.00) on shares of T-Mobile US in a research note on Friday, July 16th. Finally, Barclays restated a “buy” rating and set a $150.00 price objective on shares of T-Mobile US in a research note on Wednesday, May 5th. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. T-Mobile US currently has an average rating of “Buy” and an average target price of $155.96.

Shares of NASDAQ:TMUS traded down $0.03 on Thursday, hitting $144.54. The company had a trading volume of 70,596 shares, compared to its average volume of 2,963,036. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.14. The stock’s 50 day moving average is $143.74. T-Mobile US has a 1-year low of $104.00 and a 1-year high of $150.20. The company has a market cap of $180.22 billion, a PE ratio of 59.48, a price-to-earnings-growth ratio of 1.31 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Tuesday, May 4th. The Wireless communications provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.19. The firm had revenue of $19.76 billion for the quarter, compared to the consensus estimate of $18.99 billion. T-Mobile US had a net margin of 3.95% and a return on equity of 7.19%. The business’s revenue for the quarter was up 77.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. On average, equities analysts predict that T-Mobile US will post 2.17 EPS for the current year.

In related news, CFO Peter Osvaldik sold 15,970 shares of the stock in a transaction that occurred on Wednesday, June 9th. The stock was sold at an average price of $145.59, for a total value of $2,325,072.30. Following the completion of the transaction, the chief financial officer now directly owns 50,011 shares in the company, valued at $7,281,101.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Neville R. Ray sold 30,577 shares of the stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $140.05, for a total value of $4,282,308.85. Following the completion of the transaction, the insider now owns 509,069 shares of the company’s stock, valued at $71,295,113.45. The disclosure for this sale can be found here. Insiders sold a total of 139,047 shares of company stock valued at $19,429,106 in the last ninety days. 0.69% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in TMUS. BlackRock Inc. grew its holdings in shares of T-Mobile US by 1.2% during the first quarter. BlackRock Inc. now owns 40,158,875 shares of the Wireless communications provider’s stock worth $5,031,505,000 after purchasing an additional 463,813 shares during the last quarter. Norges Bank purchased a new stake in T-Mobile US in the 4th quarter valued at approximately $3,012,719,000. Viking Global Investors LP boosted its holdings in T-Mobile US by 18.1% in the 1st quarter. Viking Global Investors LP now owns 10,285,244 shares of the Wireless communications provider’s stock valued at $1,288,638,000 after purchasing an additional 1,579,763 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of T-Mobile US by 1.8% during the 1st quarter. Geode Capital Management LLC now owns 10,059,885 shares of the Wireless communications provider’s stock valued at $1,257,145,000 after acquiring an additional 173,374 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of T-Mobile US by 24.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,960,073 shares of the Wireless communications provider’s stock valued at $1,247,898,000 after acquiring an additional 1,930,835 shares during the period. Institutional investors and hedge funds own 38.84% of the company’s stock.

About T-Mobile US

T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.

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Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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