T-Mobile US (NASDAQ:TMUS) Earns Buy Rating from JPMorgan Chase & Co.

T-Mobile US (NASDAQ:TMUS)‘s stock had its “buy” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a research note issued on Monday,MarketScreener reports.

TMUS has been the topic of a number of other reports. Benchmark lifted their price objective on shares of T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Wells Fargo & Company raised shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $250.00 to $260.00 in a research note on Thursday, October 16th. Morgan Stanley decreased their price objective on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Finally, Moffett Nathanson raised their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $262.17.

T-Mobile US Stock Performance

TMUS opened at $198.00 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $212.57 and its 200-day moving average is $229.93. The stock has a market cap of $221.46 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.26 and a beta of 0.44. T-Mobile US has a twelve month low of $194.01 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same period last year, the firm earned $2.61 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that T-Mobile US will post 10.37 earnings per share for the current year.

Insider Buying and Selling at T-Mobile US

In related news, Director Letitia A. Long sold 1,457 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $210.32, for a total transaction of $306,436.24. Following the completion of the sale, the director directly owned 5,438 shares in the company, valued at approximately $1,143,720.16. This trade represents a 21.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 1,374 shares of T-Mobile US stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the completion of the transaction, the director owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. This trade represents a 0.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,108,294 shares of company stock valued at $254,172,029. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors and hedge funds have recently modified their holdings of TMUS. Norges Bank acquired a new stake in T-Mobile US during the 2nd quarter worth about $1,477,780,000. Wellington Management Group LLP lifted its position in shares of T-Mobile US by 47.5% in the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after acquiring an additional 4,335,368 shares in the last quarter. Marshall Wace LLP boosted its stake in T-Mobile US by 2,303.2% in the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after purchasing an additional 1,878,654 shares during the period. Viking Global Investors LP grew its position in T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after purchasing an additional 1,279,422 shares in the last quarter. Finally, Amundi raised its stake in T-Mobile US by 44.6% during the 3rd quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock valued at $924,380,000 after purchasing an additional 1,266,808 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

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.