JPMorgan Chase & Co. Reaffirms “Buy” Rating for T-Mobile US (NASDAQ:TMUS)

T-Mobile US (NASDAQ:TMUS)‘s stock had its “buy” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report released on Tuesday,MarketScreener reports.

Other analysts have also issued reports about the stock. Zacks Research upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. UBS Group restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, December 10th. TD Cowen reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Williams Trading set a $263.00 target price on shares of T-Mobile US in a research note on Friday, October 24th. Finally, Wolfe Research lowered their target price on shares of T-Mobile US from $290.00 to $253.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.58.

T-Mobile US Stock Performance

T-Mobile US stock traded up $3.36 during trading hours on Tuesday, hitting $198.35. The stock had a trading volume of 455,626 shares, compared to its average volume of 5,815,914. The company has a 50-day moving average of $197.52 and a two-hundred day moving average of $220.74. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US has a fifty-two week low of $181.36 and a fifty-two week high of $276.49. The company has a market cap of $221.86 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 1.09 and a beta of 0.44.

Insider Activity at T-Mobile US

In other news, Director G Michael Sievert sold 22,500 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the sale, the director directly owned 308,696 shares of the company’s stock, valued at $66,977,771.12. This represents a 6.79% 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. Also, insider Michael J. Katz sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the sale, the insider directly owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This represents a 1.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,457 shares of company stock valued at $11,149,636 over the last ninety days. Company insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in T-Mobile US by 14.2% during the 2nd quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock worth $1,556,000 after acquiring an additional 810 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of T-Mobile US by 4.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock valued at $107,884,000 after purchasing an additional 19,486 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of T-Mobile US by 7.8% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock worth $49,014,000 after purchasing an additional 14,800 shares in the last quarter. Associated Banc Corp boosted its holdings in T-Mobile US by 50.6% during the second quarter. Associated Banc Corp now owns 25,903 shares of the Wireless communications provider’s stock worth $6,172,000 after purchasing an additional 8,700 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in T-Mobile US by 6.7% in the third quarter. Citizens Financial Group Inc. RI now owns 61,675 shares of the Wireless communications provider’s stock valued at $14,764,000 after purchasing an additional 3,897 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.