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

T-Mobile US (NASDAQ:TMUS) had its price target raised by JPMorgan Chase & Co. from $250.00 to $265.00 in a report released on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the Wireless communications provider’s stock.

A number of other research firms also recently commented on TMUS. Citigroup increased their target price on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Oppenheimer lifted their target price on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Sanford C. Bernstein began coverage on T-Mobile US in a research note on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target on the stock. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, UBS Group boosted their price target on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.89.

T-Mobile US Price Performance

TMUS opened at $234.37 on Thursday. T-Mobile US has a 52-week low of $158.84 and a 52-week high of $248.15. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The stock’s 50 day moving average price is $226.37 and its 200-day moving average price is $212.82. The stock has a market capitalization of $271.98 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating 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 18.00%. On average, equities research analysts predict that T-Mobile US will post 10.15 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.50%. T-Mobile US’s payout ratio is 36.40%.

Insider Buying and Selling

In other news, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nestor Cano sold 11,100 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $230.75, for a total value of $2,561,325.00. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $1,015,300. The trade was a 71.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 144,200 shares of company stock valued at $32,736,303. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC purchased a new position in T-Mobile US during the 2nd quarter valued at approximately $863,000. EP Wealth Advisors LLC lifted its position in shares of T-Mobile US by 13.9% during the second quarter. EP Wealth Advisors LLC now owns 5,906 shares of the Wireless communications provider’s stock worth $1,040,000 after purchasing an additional 721 shares during the last quarter. Advisory Alpha LLC boosted its position in T-Mobile US by 5.9% in the 2nd quarter. Advisory Alpha LLC now owns 1,419 shares of the Wireless communications provider’s stock valued at $250,000 after buying an additional 79 shares during the period. New Century Financial Group LLC bought a new position in T-Mobile US in the second quarter worth approximately $234,000. Finally, Sanctuary Advisors LLC purchased a new position in T-Mobile US during the 2nd quarter valued at about $12,095,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

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.