JPMorgan Chase & Co. Has Lowered Expectations for T-Mobile US (NASDAQ:TMUS) Stock Price

Key Points

• JPMorgan lowered its T-Mobile US price target from $275 to $260 while maintaining an “overweight” rating, implying roughly 54.6% upside from the stock’s $168.18 opening price.
• Several analysts also reduced their targets, but sentiment remains positive: MarketBeat reports a “Moderate Buy” consensus rating and an average price target of $251.48.
• T-Mobile’s latest quarter exceeded EPS expectations, reporting $2.99 per share versus the $2.59 consensus estimate, while revenue increased 7.9% year over year to $22.79 billion.

T-Mobile US (NASDAQ:TMUS - Get Free Report) had its target price reduced by JPMorgan Chase & Co. from $275.00 to $260.00 in a research report issued on Monday, 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 54.60% from the stock's current price.

Other analysts have also recently issued reports about the company. Morgan Stanley dropped their price target on T-Mobile US from $260.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 7th. KeyCorp lowered their price target on T-Mobile US from $260.00 to $250.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. Scotiabank reduced their price objective on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating for the company in a research note on Wednesday, July 15th. TD Cowen cut their price target on shares of T-Mobile US from $261.00 to $260.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of T-Mobile US in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $251.48.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $168.18 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US has a 52 week low of $164.02 and a 52 week high of $242.37. The firm has a market capitalization of $180.40 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.08 and a beta of 0.34. The stock has a fifty day moving average of $181.09 and a 200 day moving average of $189.52.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. During the same period last year, the company posted $2.84 EPS. The company's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts expect that T-Mobile US will post 10.82 earnings per share for the current year.

Insider Buying and Selling at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the business's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the sale, the chief accounting officer owned 35,118 shares of the company's stock, valued at $6,262,592.94. The trade was a 2.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TMUS. BlackRock Inc. bought a new stake in T-Mobile US during the 2nd quarter worth approximately $6,625,275,000. Norges Bank bought a new stake in shares of T-Mobile US during the 4th quarter valued at $1,335,918,000. Bank of New York Mellon Corp purchased a new position in shares of T-Mobile US during the 2nd quarter valued at $839,194,000. Bank of America Corp DE bought a new position in T-Mobile US in the 2nd quarter worth $758,977,000. Finally, Legal & General Group Plc purchased a new stake in T-Mobile US in the 2nd quarter worth $583,675,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Company Profile

T-Mobile US, Inc NASDAQ: TMUS is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.

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