JPMorgan Chase & Co. Forecasts Strong Price Appreciation for T-Mobile US (NASDAQ:TMUS) Stock

T-Mobile US (NASDAQ:TMUS) had its target price upped by JPMorgan Chase & Co. from $265.00 to $270.00 in a research note released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the Wireless communications provider’s stock.

Other analysts have also recently issued reports about the company. KeyCorp cut T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective for the company. in a research report on Thursday, December 12th. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Sanford C. Bernstein initiated coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective for the company. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Hsbc Global Res cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.05.

T-Mobile US Trading Up 0.2 %

NASDAQ:TMUS opened at $260.73 on Tuesday. The stock’s 50 day moving average price is $245.59 and its 200 day moving average price is $229.56. The company has a market capitalization of $297.69 billion, a PE ratio of 26.96, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US has a 52-week low of $158.84 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, research analysts anticipate that T-Mobile US will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.35%. T-Mobile US’s dividend payout ratio is presently 36.40%.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The stock was 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 of the company’s stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On T-Mobile US

Hedge funds have recently bought and sold shares of the stock. Rakuten Securities Inc. increased its position in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 62 shares in the last quarter. Dunhill Financial LLC increased its position in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 56 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in T-Mobile US during the fourth quarter worth $28,000. Financial Life Planners purchased a new position in T-Mobile US during the fourth quarter worth $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in T-Mobile US during the third quarter worth $34,000. Hedge funds and other 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.