T-Mobile US (NASDAQ:TMUS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

T-Mobile US (NASDAQ:TMUS) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from $250.00 to $265.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 11.77% from the company’s previous close.

TMUS has been the subject of several other research reports. TD Cowen raised their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays boosted their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. KeyCorp lowered 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 note on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their price objective on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $247.84.

T-Mobile US Price Performance

NASDAQ:TMUS traded up $1.95 on Thursday, reaching $237.10. The stock had a trading volume of 770,020 shares, compared to its average volume of 3,827,526. 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 $275.15 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56. T-Mobile US has a 1-year low of $158.84 and a 1-year high of $248.15. The stock has a fifty day moving average price of $226.37 and a 200-day moving average price of $212.82.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. Research analysts forecast that T-Mobile US will post 9.3 EPS for the current year.

Insider Buying and Selling at T-Mobile US

In other news, Director Andre Almeida acquired 3,808 shares of the stock in a transaction dated Monday, December 9th. The shares were bought at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the purchase, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 5,021 shares in the company, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,200 shares of company stock valued at $32,736,303 in the last 90 days. 0.67% of the stock is currently owned by company insiders.

Institutional Trading of T-Mobile US

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its position in T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares in the last quarter. Trust Co. of Vermont grew its position in T-Mobile US by 11.9% during the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after acquiring an additional 2,865 shares during the last quarter. Swedbank AB increased its holdings in T-Mobile US by 5.1% in the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock worth $52,631,000 after purchasing an additional 12,411 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in T-Mobile US by 737.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock valued at $12,476,000 after purchasing an additional 49,775 shares during the last quarter. Institutional investors and hedge funds own 42.49% 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 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.