T-Mobile US (NASDAQ:TMUS) Given Buy Rating at JPMorgan Chase & Co.

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

Several other research firms also recently commented on TMUS. Morgan Stanley assumed coverage on T-Mobile US in a report on Thursday, April 16th. They set an “overweight” rating and a $260.00 price objective for the company. Wolfe Research reiterated an “outperform” rating and issued a $255.00 target price on shares of T-Mobile US in a report on Thursday, February 12th. The Goldman Sachs Group reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Barclays restated a “buy” rating on shares of T-Mobile US in a report on Friday, April 24th. Finally, KeyCorp raised shares of T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price target on the stock in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $260.48.

T-Mobile US Stock Up 0.4%

Shares of NASDAQ:TMUS opened at $191.42 on Tuesday. T-Mobile US has a 1 year low of $181.36 and a 1 year high of $261.56. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The business’s 50-day moving average is $200.77 and its 200-day moving average is $202.74. The company has a market capitalization of $207.15 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 1.09 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The business had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same period in the previous year, the company posted $2.58 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities research analysts predict that T-Mobile US will post 10.65 earnings per share for the current year.

Insider Buying and Selling at T-Mobile US

In other news, insider Michael J. Katz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the transaction, the insider owned 181,930 shares in the company, valued at $35,623,713.30. The trade was a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director G Michael Sievert sold 80,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $214.94, for a total value of $17,195,200.00. Following the completion of the transaction, the director directly owned 140,696 shares of the company’s stock, valued at approximately $30,241,198.24. This represents a 36.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 138,894 shares of company stock valued at $29,902,357 in the last quarter. 0.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On T-Mobile US

Large investors have recently made changes to their positions in the business. United Community Bank boosted its holdings in shares of T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 59 shares during the last quarter. JDM Financial Group LLC raised its position in T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 65 shares during the period. Main Street Group LTD purchased a new position in T-Mobile US in the first quarter valued at about $25,000. Swiss RE Ltd. bought a new position in shares of T-Mobile US during the 4th quarter valued at approximately $29,000. Finally, Turning Point Benefit Group Inc. increased its stake in shares of T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after purchasing an additional 153 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

About T-Mobile US

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.