JPMorgan Chase & Co. Issues Positive Forecast for T-Mobile US (NASDAQ:TMUS) Stock Price

T-Mobile US (NASDAQ:TMUS - Free Report) had its price target boosted by JPMorgan Chase & Co. from $265.00 to $270.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the Wireless communications provider's stock.

TMUS has been the subject of several other reports. Bank of America lifted their price objective on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, January 30th. KeyCorp lowered shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price target for the company. in a report on Thursday, December 12th. Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Barclays boosted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, Benchmark restated a "buy" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $255.80.

Remove Ads

T-Mobile US Trading Down 0.5 %

Shares of NASDAQ TMUS traded down $1.19 during midday trading on Tuesday, hitting $255.84. The company's stock had a trading volume of 9,207,016 shares, compared to its average volume of 3,981,357. T-Mobile US has a 12-month low of $158.84 and a 12-month high of $276.49. The firm has a market cap of $292.10 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The business's 50 day moving average is $248.19 and its two-hundred day moving average is $230.36. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, equities research analysts expect that T-Mobile US will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.67% of the company's stock.

Hedge Funds Weigh In On T-Mobile US

Institutional investors and hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC boosted its position in T-Mobile US by 16.6% in the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after purchasing an additional 37 shares in the last quarter. Snowden Capital Advisors LLC boosted its holdings in T-Mobile US by 0.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after buying an additional 40 shares in the last quarter. Signaturefd LLC grew its position in T-Mobile US by 0.4% during the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock valued at $2,499,000 after buying an additional 41 shares during the period. Continuum Advisory LLC increased its holdings in T-Mobile US by 0.7% in the fourth quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider's stock valued at $1,340,000 after buying an additional 43 shares in the last quarter. Finally, JSF Financial LLC raised its position in shares of T-Mobile US by 0.9% in the fourth quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider's stock worth $1,117,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds 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.