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Stock analysts at JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US (NYSE:TMUS) from $36.00 to $40.00 in a report issued on Friday. JPMorgan Chase & Co.’s price target would suggest a potential upside of 19.69% from the stock’s previous close.

A number of other firms have also recently commented on TMUS. Analysts at BMO Capital Markets initiated coverage on shares of T-Mobile US in a research note on Tuesday, July 8th. They set an “outperform” rating and a $40.00 price target on the stock. Separately, analysts at Pacific Crest initiated coverage on shares of T-Mobile US in a research note on Friday, June 27th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, analysts at Macquarie downgraded shares of T-Mobile US to a “neutral” rating in a research note on Monday, June 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. T-Mobile US has an average rating of “Buy” and an average target price of $34.57.

Shares of T-Mobile US (NYSE:TMUS) traded up 1.46% on Friday, hitting $33.42. 8,671,544 shares of the company’s stock traded hands. T-Mobile US has a 1-year low of $22.95 and a 1-year high of $35.50. The stock has a 50-day moving average of $32.56 and a 200-day moving average of $31.99. The company’s market cap is $26.834 billion.

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