T-Mobile US (NASDAQ:TMUS) Given New $250.00 Price Target at JPMorgan Chase & Co.

T-Mobile US (NASDAQ:TMUS) had its price objective increased by research analysts at JPMorgan Chase & Co. from $230.00 to $250.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 10.44% from the company’s previous close.

Several other analysts have also commented on the stock. Benchmark raised their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Evercore ISI raised their target price on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Citigroup upped their price target on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Barclays raised their price objective on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $240.17.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $226.36 on Thursday. The firm has a market capitalization of $264.11 billion, a P/E ratio of 28.37, a PEG ratio of 1.15 and a beta of 0.51. The stock has a 50-day simple moving average of $205.53 and a two-hundred day simple moving average of $184.78. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. T-Mobile US has a fifty-two week low of $138.42 and a fifty-two week high of $234.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same period last year, the business earned $1.82 earnings per share. T-Mobile US’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities analysts forecast that T-Mobile US will post 9.22 earnings per share for the current year.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 349,261 shares of company stock valued at $69,411,130. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Hedge funds and other institutional investors have recently made changes to their positions in the company. WASHINGTON TRUST Co increased its stake 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 worth $25,000 after acquiring an additional 83 shares during the last quarter. DT Investment Partners LLC increased its position in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter worth about $27,000. Y.D. More Investments Ltd acquired a new position in T-Mobile US in the second quarter valued at about $27,000. Finally, Westside Investment Management Inc. boosted its stake in T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 75 shares during the period. 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.