T-Mobile US (NASDAQ:TMUS) Given New $235.00 Price Target at JPMorgan Chase & Co.

T-Mobile US (NASDAQ:TMUS) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $260.00 to $235.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 59.55% from the stock’s previous close.

Several other brokerages also recently weighed in on TMUS. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a report on Monday, September 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of T-Mobile US in a report on Friday, September 11th. Wolfe Research cut T-Mobile US from an “outperform” rating to a “peer perform” rating in a report on Friday, August 14th. Bank of America raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Monday, July 6th. Finally, Barclays decreased their price target on T-Mobile US from $215.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $238.25.

T-Mobile US Stock Down 0.5%

Shares of TMUS traded down $0.79 during midday trading on Thursday, hitting $147.29. 7,191,076 shares of the company’s stock traded hands, compared to its average volume of 5,708,900. The firm’s fifty day moving average is $168.32 and its 200-day moving average is $187.39. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US has a 1 year low of $143.75 and a 1 year high of $224.75. The stock has a market capitalization of $157.99 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 0.91 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.33. The business had revenue of $23.58 billion during the quarter, compared to the consensus estimate of $23.15 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $2.41 earnings per share. As a group, sell-side analysts anticipate that T-Mobile US will post 11.17 earnings per share for the current year.

Insider Activity at T-Mobile US

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the sale, the chief accounting officer owned 35,118 shares of the company’s stock, valued at approximately $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Trek Financial LLC boosted its stake in shares of T-Mobile US by 36.2% in the third quarter. Trek Financial LLC now owns 14,549 shares of the Wireless communications provider’s stock valued at $2,373,000 after buying an additional 3,863 shares during the period. Walled Lake Planning & Wealth Management LLC increased its stake in T-Mobile US by 955.4% during the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 16,749 shares of the Wireless communications provider’s stock worth $2,731,000 after acquiring an additional 15,162 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in T-Mobile US during the 3rd quarter worth $99,440,000. Bell Investment Advisors Inc increased its stake in T-Mobile US by 94.7% during the 3rd quarter. Bell Investment Advisors Inc now owns 703 shares of the Wireless communications provider’s stock worth $115,000 after acquiring an additional 342 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in T-Mobile US in the 3rd quarter valued at $101,447,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about T-Mobile US

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

• Positive Sentiment: Q3 results exceeded expectations: T-Mobile reported adjusted earnings of $3.22 per share versus the $2.89 consensus, while revenue rose 7.4% year over year to $23.58 billion, above the $23.15 billion estimate. Net income increased 27% to approximately $3.5 billion, helped by postpaid account growth, premium-plan adoption and higher average revenue per account. T-Mobile raises annual free cash flow forecast as premium plans gain traction
• Positive Sentiment: Raised outlook: Management increased its full-year free-cash-flow and EBITDA/profit expectations as premium plans and customer spending remained strong. The company also highlighted broadband expansion, AI opportunities and its customizable T-Mix plans as potential growth drivers. T-Mobile Q3 Earnings Call Highlights Growth and Higher Outlook
• Positive Sentiment: Analysts remain bullish: Scotiabank raised its price target to $214 with a “sector outperform” rating. TD Cowen maintained a “buy” rating despite trimming its target to $258, and KeyCorp kept an “overweight” rating with a $240 target. These targets imply substantial potential upside from current levels.
• Neutral Sentiment: Board transition: Former CEO Mike Sievert is leaving T-Mobile’s board and vice-chair role, a planned transition that removes a prominent executive from governance but does not represent an operational change to the current CEO’s role. Mike Sievert steps down from T-Mobile US board
• Negative Sentiment: Growth and strategic concerns remain: The company placed postpaid net-account additions near the midpoint of its existing forecast and narrowed parts of its annual profit outlook. The CEO also rejected an MVNO partnership with SpaceX, leaving investors focused on the possibility that SpaceX could develop a competing terrestrial network. Reports that Deutsche Telekom slowed potential merger discussions add further uncertainty. T-Mobile US CEO quashes SpaceX MVNO talk

T-Mobile US Company Profile

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, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.

The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.