T-Mobile US (NASDAQ:TMUS) Given New $265.00 Price Target at JPMorgan Chase & Co.

T-Mobile US (NASDAQ:TMUS) had its price target boosted by equities researchers at JPMorgan Chase & Co. from $250.00 to $265.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 11.77% from the stock’s previous close.

A number of other research firms also recently issued reports on TMUS. Wells Fargo & Company raised their price objective on shares of T-Mobile US from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Thursday. Oppenheimer lifted their price target on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Benchmark reissued a “buy” rating and set a $255.00 price objective on shares of T-Mobile US in a report on Tuesday. TD Cowen raised their target price on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $247.84.

T-Mobile US Stock Up 0.8 %

T-Mobile US stock traded up $1.95 during trading on Thursday, hitting $237.10. 770,020 shares of the company were exchanged, compared to its average volume of 3,827,526. The company has a market capitalization of $275.15 billion, a P/E ratio of 27.07, a PEG ratio of 1.08 and a beta of 0.56. The business’s 50 day moving average is $226.37 and its 200 day moving average is $212.82. T-Mobile US has a 52 week low of $158.84 and a 52 week high of $248.15. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. Analysts predict that T-Mobile US will post 9.3 earnings per share for the current year.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the transaction, the director now owns 5,021 shares in the company, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nestor Cano sold 11,100 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $1,015,300. The trade was a 71.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 144,200 shares of company stock worth $32,736,303. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of large investors have recently modified their holdings of TMUS. DT Investment Partners LLC boosted its position in 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 valued at $25,000 after acquiring an additional 47 shares in the last quarter. Dunhill Financial LLC grew its stake in T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares during the period. MFA Wealth Advisors LLC grew its stake in T-Mobile US by 128.3% in 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 during the period. Financial Life Planners bought a new position in T-Mobile US in the fourth quarter worth $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in T-Mobile US during the third quarter valued at $34,000. Institutional investors 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.