T-Mobile US (NASDAQ:TMUS) Rating Lowered to Sector Perform at Royal Bank of Canada

T-Mobile US (NASDAQ:TMUS) was downgraded by equities research analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a report issued on Monday, Marketbeat.com reports. They currently have a $240.00 price objective on the Wireless communications provider’s stock, down from their prior price objective of $255.00. Royal Bank of Canada’s price objective would indicate a potential upside of 13.03% from the stock’s current price.

Several other analysts have also weighed in on TMUS. Oppenheimer lifted their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays upped their price objective on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Bank of America raised their target price on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. KeyCorp cut T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target on the stock. in a research report on Thursday, December 12th. Finally, Evercore ISI lifted their price objective on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $245.74.

T-Mobile US Trading Down 0.0 %

Shares of TMUS opened at $212.34 on Monday. The stock’s 50-day moving average price is $230.95 and its 200 day moving average price is $208.61. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US has a 12-month low of $158.84 and a 12-month high of $248.15. The firm has a market capitalization of $246.42 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 1.18 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same period in the prior year, the company posted $1.82 earnings per share. T-Mobile US’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts predict that T-Mobile US will post 9.38 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the transaction, the executive vice president now owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This trade represents a 40.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter Osvaldik sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the sale, the chief financial officer now directly owns 61,307 shares of the company’s stock, valued at approximately $14,318,249.85. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,969 shares of company stock valued at $46,656,527. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TMUS. DT Investment Partners LLC increased its holdings in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in shares of T-Mobile US in the 2nd quarter valued at about $27,000. Dunhill Financial LLC raised its position in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares during the period. MFA Wealth Advisors LLC boosted its stake in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in T-Mobile US during the third quarter valued at approximately $34,000. 42.49% of the stock is currently owned by institutional investors.

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.