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

T-Mobile US (NASDAQ:TMUS) had its price objective decreased by Royal Bank Of Canada from $270.00 to $255.00 in a research report sent to investors on Friday morning,MarketScreener reports. Royal Bank Of Canada currently has an outperform rating on the Wireless communications provider’s stock.

Several other equities research analysts have also recently issued reports on the company. Daiwa Capital Markets cut their target price on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Wells Fargo & Company raised T-Mobile US from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. Argus decreased their target price on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Williams Trading set a $263.00 price target on shares of T-Mobile US in a research report on Friday, October 24th. Finally, Morgan Stanley decreased their price objective on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $257.76.

T-Mobile US Trading Down 2.3%

Shares of TMUS opened at $186.32 on Friday. T-Mobile US has a 12-month low of $185.18 and a 12-month high of $276.49. The firm has a market capitalization of $208.40 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.05 and a beta of 0.45. The firm has a 50-day moving average price of $202.79 and a 200 day moving average price of $224.38. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

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

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio is 39.23%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $226.17, for a total value of $14,571,228.42. Following the transaction, the director directly owned 582,220,759 shares in the company, valued at approximately $131,680,869,063.03. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Srini Gopalan bought 9,800 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were acquired at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the purchase, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. This trade represents a 12.18% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders sold 335,193 shares of company stock worth $74,665,129. 0.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors have recently added to or reduced their stakes in TMUS. Weaver Capital Management LLC increased its holdings in shares of T-Mobile US by 0.6% in the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock valued at $1,605,000 after purchasing an additional 42 shares in the last quarter. Haven Private LLC boosted its position in T-Mobile US by 1.3% during the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after purchasing an additional 42 shares in the last quarter. Bank of Stockton increased its position in shares of T-Mobile US by 1.2% in the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock valued at $906,000 after buying an additional 44 shares in the last quarter. Richardson Financial Services Inc. raised its stake in shares of T-Mobile US by 0.9% during the 2nd quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock worth $1,183,000 after buying an additional 45 shares during the last quarter. Finally, Cetera Trust Company N.A boosted its position in shares of T-Mobile US by 0.4% in the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock worth $2,863,000 after buying an additional 45 shares in the last quarter. Hedge funds and other 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.