T-Mobile US (NASDAQ:TMUS) Given New $230.00 Price Target at JPMorgan Chase & Co.

T-Mobile US (NASDAQ:TMUS) had its target price raised by analysts at JPMorgan Chase & Co. from $220.00 to $230.00 in a report released on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.93% from the stock’s current price.

A number of other analysts have also commented on the company. Citigroup increased their price objective on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research report on Monday, July 1st. They set a “buy” rating and a $200.00 target price for the company. Oppenheimer raised their price objective on T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Buy” and an average target price of $208.59.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $1.71 during trading on Thursday, hitting $198.39. 1,120,286 shares of the company were exchanged, compared to its average volume of 4,570,476. The company has a market cap of $232.48 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 0.74 and a beta of 0.51. T-Mobile US has a 1 year low of $135.82 and a 1 year high of $206.30. The firm’s fifty day moving average price is $191.48 and its 200 day moving average price is $176.04. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The company 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%. T-Mobile US’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 earnings per share. On average, sell-side analysts expect that T-Mobile US will post 9.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the sale, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Deeanne King sold 15,437 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the sale, the executive vice president now owns 35,588 shares of the company’s stock, valued at $6,761,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares in the company, valued at approximately $81,354,386.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 840,336 shares of company stock valued at $154,461,060. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. lifted its stake in T-Mobile US by 3.1% during the fourth quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock valued at $29,574,000 after purchasing an additional 5,552 shares during the last quarter. GSA Capital Partners LLP bought a new position in T-Mobile US during the first quarter valued at about $1,908,000. Cardinal Capital Management Inc. acquired a new position in shares of T-Mobile US during the 4th quarter valued at about $29,962,000. CFO4Life Group LLC bought a new position in shares of T-Mobile US in the 1st quarter valued at approximately $932,000. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in T-Mobile US by 26.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock worth $3,336,000 after purchasing an additional 4,253 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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.