JPMorgan Chase & Co. Increases T-Mobile US (NASDAQ:TMUS) Price Target to $280.00

T-Mobile US (NASDAQ:TMUS - Get Free Report) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $270.00 to $280.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the Wireless communications provider's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 12.72% from the stock's previous close.

A number of other equities analysts also recently commented on TMUS. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Benchmark reissued a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, Tigress Financial boosted their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $255.83.

T-Mobile US Stock Up 6.2%

NASDAQ TMUS traded up $14.48 on Thursday, hitting $248.41. 4,127,792 shares of the stock were exchanged, compared to its average volume of 4,346,779. The company has a market cap of $282.05 billion, a PE ratio of 24.23, a PEG ratio of 1.30 and a beta of 0.62. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. T-Mobile US has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The company has a 50-day moving average price of $235.03 and a 200-day moving average price of $243.99.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the prior year, the company earned $2.49 EPS. The firm's revenue was up 6.9% on a year-over-year basis. Sell-side analysts anticipate that T-Mobile US will post 10.37 EPS for the current fiscal year.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $232.58, for a total value of $16,243,387.20. Following the sale, the director directly owned 646,962,444 shares of the company's stock, valued at $150,470,525,225.52. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 1,256,670 shares of company stock valued at $288,999,139 in the last ninety days. 0.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On T-Mobile US

Several large investors have recently made changes to their positions in TMUS. Crestwood Advisors Group LLC lifted its position in T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after purchasing an additional 724 shares during the period. Burling Wealth Partners LLC acquired a new stake in shares of T-Mobile US during the 4th quarter worth $2,539,000. Advisor Resource Council acquired a new stake in shares of T-Mobile US during the first quarter valued at about $463,000. Main Street Research LLC raised its position in shares of T-Mobile US by 1.0% during the first quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock worth $47,448,000 after acquiring an additional 1,788 shares during the last quarter. Finally, Westpac Banking Corp boosted its position in shares of T-Mobile US by 25.4% during the fourth quarter. Westpac Banking Corp now owns 10,439 shares of the Wireless communications provider's stock valued at $2,304,000 after buying an additional 2,113 shares during the last quarter. 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.

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