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

T-Mobile US (NASDAQ:TMUS) had its price objective raised by JPMorgan Chase & Co. from $280.00 to $300.00 in a report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the Wireless communications provider’s stock.

TMUS has been the subject of several other research reports. Bank of America began coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a “neutral” rating and a $255.00 price target for the company. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Morgan Stanley increased their price target on T-Mobile US from $265.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Redburn Atlantic raised T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Finally, Royal Bank Of Canada increased their target price on T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a research note on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $260.39.

T-Mobile US Stock Up 0.6%

NASDAQ TMUS opened at $239.38 on Tuesday. The stock has a market capitalization of $269.40 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 1.30 and a beta of 0.61. T-Mobile US has a 52 week low of $202.77 and a 52 week high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a fifty day moving average of $245.19 and a 200-day moving average of $244.59.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 earnings per share. On average, equities research analysts forecast that T-Mobile US will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.7%. T-Mobile US’s dividend payout ratio (DPR) is 38.49%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the sale, the director owned 647,660,844 shares of the company’s stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 2,520,207 shares of company stock valued at $608,126,659. 0.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On T-Mobile US

A number of large investors have recently bought and sold shares of the company. Merit Financial Group LLC boosted its position in T-Mobile US by 33.6% during the first quarter. Merit Financial Group LLC now owns 9,692 shares of the Wireless communications provider’s stock valued at $2,585,000 after purchasing an additional 2,435 shares during the last quarter. Fulton Bank N.A. boosted its holdings in shares of T-Mobile US by 3.6% in the 1st quarter. Fulton Bank N.A. now owns 3,265 shares of the Wireless communications provider’s stock valued at $871,000 after buying an additional 113 shares during the last quarter. Unigestion Holding SA boosted its holdings in shares of T-Mobile US by 18.0% in the 1st quarter. Unigestion Holding SA now owns 158,703 shares of the Wireless communications provider’s stock valued at $42,299,000 after buying an additional 24,195 shares during the last quarter. Crestmont Private Wealth LLC bought a new position in shares of T-Mobile US in the first quarter valued at $215,000. Finally, Bremer Bank National Association increased its holdings in T-Mobile US by 6.8% during the first quarter. Bremer Bank National Association now owns 30,069 shares of the Wireless communications provider’s stock worth $8,020,000 after buying an additional 1,905 shares during the last quarter. 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.