T-Mobile US (NASDAQ:TMUS) Downgraded to "Sector Perform" Rating by Royal Bank of Canada

T-Mobile US (NASDAQ:TMUS - Get Free Report) was downgraded by research analysts at Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a research note issued to investors on Monday, MarketBeat Ratings reports. They presently have a $240.00 price target on the Wireless communications provider's stock, down from their prior price target of $255.00. Royal Bank of Canada's target price suggests a potential upside of 13.00% from the stock's previous close.

Several other analysts have also recently issued reports on the company. Barclays increased 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. UBS Group increased their price target on T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Citigroup boosted their price objective on T-Mobile US from $210.00 to $254.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. TD Cowen raised their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein started coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They set a "market perform" rating and a $265.00 price target for the company. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $245.74.

T-Mobile US Trading Down 3.1 %

NASDAQ TMUS traded down $6.73 during trading on Monday, hitting $212.38. The stock had a trading volume of 5,638,353 shares, compared to its average volume of 3,742,446. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $246.46 billion, a PE ratio of 24.22, a PEG ratio of 1.18 and a beta of 0.56. The firm has a 50 day moving average price of $231.53 and a 200 day moving average price of $208.11. T-Mobile US has a twelve month low of $158.84 and a twelve month high of $248.15.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analysts' expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.82 earnings per share. As a group, equities research analysts forecast that T-Mobile US will post 9.38 earnings per share for the current year.

Insider Buying and Selling at T-Mobile US

In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the business's stock in a transaction dated Wednesday, October 16th. The stock was 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 in the company, valued at $13,380,222.46. The trade was a 40.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now directly owns 5,021 shares of the company's stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,969 shares of company stock worth $46,656,527. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. DT Investment Partners LLC grew its position in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock valued at $25,000 after buying an additional 47 shares during the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of T-Mobile US in the second quarter valued at about $27,000. Dunhill Financial LLC increased its stake in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 56 shares during the period. MFA Wealth Advisors LLC raised its holdings in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 77 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in T-Mobile US during the third quarter worth about $34,000. Institutional investors and hedge funds 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.