T-Mobile US (NASDAQ:TMUS) Price Target Lowered to $260.00 at JPMorgan Chase & Co.

T-Mobile US (NASDAQ:TMUS) had its price objective reduced by JPMorgan Chase & Co. from $275.00 to $260.00 in a research report released on Monday morning,Benzinga reports. They currently have an overweight rating on the Wireless communications provider’s stock.

Other equities analysts have also issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of T-Mobile US in a research report on Friday, September 11th. Royal Bank Of Canada lowered their price target on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. TD Cowen lowered their price target on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Wolfe Research reissued a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. Finally, Benchmark cut their price objective on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.48.

T-Mobile US Stock Down 1.7%

Shares of NASDAQ:TMUS opened at $165.27 on Monday. The firm has a market capitalization of $177.28 billion, a P/E ratio of 17.31, a P/E/G ratio of 1.08 and a beta of 0.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The stock has a 50 day moving average price of $180.63 and a 200-day moving average price of $189.14. T-Mobile US has a 52-week low of $161.85 and a 52-week high of $242.37.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.84 earnings per share. As a group, equities research analysts anticipate that T-Mobile US will post 10.82 EPS for the current fiscal year.

Insider Activity at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the transaction, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Large investors have recently bought and sold shares of the business. Anchor Investment Management LLC lifted its stake in T-Mobile US by 8.7% during the 2nd quarter. Anchor Investment Management LLC now owns 5,415 shares of the Wireless communications provider’s stock valued at $908,000 after acquiring an additional 434 shares during the period. Talon Private Wealth LLC grew its stake in shares of T-Mobile US by 45.3% in the second quarter. Talon Private Wealth LLC now owns 12,563 shares of the Wireless communications provider’s stock worth $2,107,000 after acquiring an additional 3,917 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of T-Mobile US by 21.1% in the second quarter. Sequoia Financial Advisors LLC now owns 22,454 shares of the Wireless communications provider’s stock worth $3,766,000 after acquiring an additional 3,916 shares during the period. National Pension Service raised its holdings in shares of T-Mobile US by 2.3% during the second quarter. National Pension Service now owns 1,272,702 shares of the Wireless communications provider’s stock valued at $213,470,000 after purchasing an additional 28,413 shares during the last quarter. Finally, Cidel Asset Management Inc. raised its holdings in shares of T-Mobile US by 21.9% during the second quarter. Cidel Asset Management Inc. now owns 3,875 shares of the Wireless communications provider’s stock valued at $650,000 after purchasing an additional 695 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US News Summary

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile and India’s Jio completed the world’s first 5G Standalone roaming connection, using Syniverse interoperability. The achievement supports T-Mobile’s technology leadership, strengthens its international roaming offering and could improve the long-term value of its network partnerships. T-Mobile and Jio Achieve World’s First 5G Standalone Roaming
• Neutral Sentiment: JPMorgan maintained an Overweight rating on T-Mobile, indicating continued confidence in the company’s long-term prospects. However, the firm lowered its price target from $275 to $260, reflecting more cautious near-term expectations. JPMorgan Chase Cuts T-Mobile US Price Target
• Negative Sentiment: JPMorgan’s target reduction was attributed to a softer service-revenue outlook ahead of third-quarter results. That suggests investors may see slower growth in the company’s core wireless business, contributing to the stock’s move toward a more than two-year low. JPMorgan Cuts Target Ahead of Q3
• Negative Sentiment: T-Mobile and Verizon face increasing competition in fixed wireless and 5G home internet as other internet providers seek alternative ways to reach broadband customers. Greater competition could pressure subscriber additions, pricing and margins. T-Mobile and Verizon Face a New Broadband Rival
• Negative Sentiment: Earlier coverage also highlighted investor concerns about T-Mobile’s debt levels and forward guidance, adding to pressure on the shares despite the company’s previous earnings beat. T-Mobile US Stock Falls Toward 52-Week Low

About T-Mobile US

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.