T-Mobile US (NASDAQ:TMUS) Price Target Increased to $232.00 by Analysts at Royal Bank of Canada

T-Mobile US (NASDAQ:TMUS) had its price objective raised by Royal Bank of Canada from $200.00 to $232.00 in a research note released on Friday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the Wireless communications provider’s stock.

Several other analysts also recently issued reports on TMUS. Wells Fargo & Company raised their price target on T-Mobile US from $200.00 to $230.00 and gave the stock an overweight rating in a report on Thursday, September 12th. Evercore ISI lifted their target price on T-Mobile US from $210.00 to $220.00 and gave the company an outperform rating in a research note on Thursday, September 19th. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Monday, July 1st. They set a buy rating and a $200.00 target price on the stock. Sanford C. Bernstein raised T-Mobile US to a strong-buy rating in a research note on Wednesday, July 31st. Finally, Barclays lifted their target price on T-Mobile US from $180.00 to $200.00 and gave the company an overweight rating in a research note on Thursday, August 1st. Eighteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus target price of $214.36.

T-Mobile US Trading Up 0.6 %

Shares of NASDAQ TMUS opened at $206.36 on Friday. The company has a market cap of $241.82 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. T-Mobile US has a 12-month low of $135.82 and a 12-month high of $208.16. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The stock’s 50 day simple moving average is $194.93 and its 200 day simple moving average is $178.27.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.86 EPS. Equities research analysts expect that T-Mobile US will post 9.13 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.71%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is presently 47.89%.

Insiders Place Their Bets

In other news, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now owns 1,824,632 shares in the company, valued at approximately $357,627,872. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the transaction, the chief executive officer now owns 418,124 shares in the company, valued at $81,354,386.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. The disclosure for this sale can be found here. In the last ninety days, insiders sold 303,492 shares of company stock worth $59,546,006. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TMUS. WASHINGTON TRUST Co raised its holdings in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 83 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $27,000. Y.D. More Investments Ltd bought a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $27,000. Westside Investment Management Inc. raised its stake in shares of T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $30,000. 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.