Royal Bank of Canada cut shares of T-Mobile Us (NASDAQ:TMUS) from an outperform rating to a sector perform rating in a research note issued to investors on Wednesday, BenzingaRatingsTable reports. The firm currently has $110.00 price target on the Wireless communications provider’s stock. The analysts noted that the move was a valuation call.

Several other equities analysts have also commented on the company. Morgan Stanley upped their price target on T-Mobile Us from $107.00 to $115.00 and gave the company an overweight rating in a research note on Wednesday, July 1st. Argus upped their price target on T-Mobile Us from $105.00 to $123.00 and gave the company a buy rating in a research note on Wednesday, July 8th. Raymond James reaffirmed an outperform rating and issued a $105.00 price target (up previously from $99.00) on shares of T-Mobile Us in a research note on Friday, May 22nd. Oppenheimer reaffirmed a hold rating on shares of T-Mobile Us in a research note on Friday, May 1st. Finally, Goldman Sachs Group set a $123.00 price target on T-Mobile Us and gave the company a buy rating in a research note on Friday, May 22nd. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $110.68.

Shares of NASDAQ:TMUS opened at $107.38 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 1.27. The business has a fifty day moving average of $105.47 and a two-hundred day moving average of $93.10. The stock has a market cap of $149.41 billion, a P/E ratio of 26.38, a PEG ratio of 3.75 and a beta of 0.30. T-Mobile Us has a 52-week low of $63.50 and a 52-week high of $111.58.

T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, May 6th. The Wireless communications provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.07. T-Mobile Us had a return on equity of 13.96% and a net margin of 7.80%. The business had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.42 billion. During the same quarter in the prior year, the company posted $1.06 EPS. The company’s quarterly revenue was up .3% on a year-over-year basis. On average, equities analysts anticipate that T-Mobile Us will post 1.43 earnings per share for the current year.

In related news, insider Ronald D. Fisher purchased 350,000 shares of the business’s stock in a transaction on Friday, June 26th. The shares were bought at an average price of $103.00 per share, for a total transaction of $36,050,000.00. Following the acquisition, the insider now directly owns 221,672 shares in the company, valued at $22,832,216. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter A. Ewens sold 200,000 shares of the company’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $106.49, for a total value of $21,298,000.00. Following the sale, the executive vice president now owns 70,077 shares in the company, valued at approximately $7,462,499.73. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of T-Mobile Us by 2.6% in the 1st quarter. BlackRock Inc. now owns 23,884,323 shares of the Wireless communications provider’s stock valued at $2,003,895,000 after acquiring an additional 599,906 shares during the last quarter. State Street Corp increased its holdings in shares of T-Mobile Us by 5.3% in the 1st quarter. State Street Corp now owns 15,540,491 shares of the Wireless communications provider’s stock valued at $1,303,847,000 after acquiring an additional 781,909 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of T-Mobile Us by 24.6% in the 1st quarter. Wellington Management Group LLP now owns 7,969,741 shares of the Wireless communications provider’s stock valued at $668,661,000 after acquiring an additional 1,572,772 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of T-Mobile Us by 19.6% in the 1st quarter. Geode Capital Management LLC now owns 6,065,649 shares of the Wireless communications provider’s stock valued at $508,034,000 after acquiring an additional 993,501 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of T-Mobile Us by 27.8% in the 1st quarter. Janus Henderson Group PLC now owns 4,199,414 shares of the Wireless communications provider’s stock valued at $352,332,000 after acquiring an additional 914,581 shares during the last quarter. Institutional investors and hedge funds own 23.58% of the company’s stock.

T-Mobile Us Company Profile

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 79.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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

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