T-Mobile US (NASDAQ:TMUS – Get Free Report) had its price target cut by equities research analysts at Royal Bank Of Canada from $240.00 to $230.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the Wireless communications provider’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 18.34% from the company’s previous close.
A number of other analysts have also recently issued reports on the company. Morgan Stanley lowered their target price on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research report on Wednesday, April 22nd. Weiss Ratings cut shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, Scotiabank lowered their target price on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $254.56.
Read Our Latest Research Report on TMUS
T-Mobile US Trading Up 1.0%
T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. The company had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.58 EPS. Sell-side analysts anticipate that T-Mobile US will post 10.53 EPS for the current fiscal year.
Insider Activity at T-Mobile US
In other T-Mobile US news, insider Andre Almeida bought 5,097 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $196.18 per share, with a total value of $999,929.46. Following the completion of the transaction, the insider owned 44,850 shares in the company, valued at approximately $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer directly owned 217,168 shares in the company, valued at $41,261,920. This trade represents a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by insiders.
Institutional Trading of T-Mobile US
Several institutional investors and hedge funds have recently bought and sold shares of the stock. CYBER HORNET ETFs LLC lifted its stake in T-Mobile US by 3.8% in the third quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock valued at $316,000 after acquiring an additional 48 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of T-Mobile US by 16.2% during the 4th quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider’s stock valued at $71,000 after purchasing an additional 49 shares in the last quarter. Wellspring Financial Advisors LLC lifted its stake in shares of T-Mobile US by 4.3% in the 4th quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock valued at $259,000 after purchasing an additional 52 shares during the last quarter. Tcfg Wealth Management LLC boosted its holdings in T-Mobile US by 5.6% in the third quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider’s stock worth $239,000 after purchasing an additional 53 shares in the last quarter. Finally, Essex Financial Services Inc. increased its position in T-Mobile US by 3.5% during the first quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock worth $326,000 after buying an additional 53 shares during 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.
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