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

T-Mobile US (NASDAQ:TMUS) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from $275.00 to $260.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 60.09% from the stock’s previous close.

TMUS has been the topic of several other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of T-Mobile US in a report on Friday, September 11th. TD Cowen dropped 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. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research report on Monday, July 6th. Royal Bank Of Canada decreased their price target on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $251.48.

T-Mobile US Trading Down 1.7%

Shares of T-Mobile US stock opened at $162.41 on Monday. T-Mobile US has a fifty-two week low of $161.21 and a fifty-two week high of $242.37. The business’s fifty day moving average is $180.13 and its two-hundred day moving average is $188.74. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The firm has a market cap of $174.21 billion, a PE ratio of 17.01, a P/E/G ratio of 1.06 and a beta of 0.34.

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

Insider Transactions at T-Mobile US

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This represents a 2.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.32% of the stock is owned by corporate insiders.

Institutional Trading of T-Mobile US

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Main Street Group LTD purchased a new stake in shares of T-Mobile US during the first quarter worth about $25,000. Paladin Partners LLC bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $25,000. Sachetta LLC raised its holdings in T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 55 shares in the last quarter. Dunhill Financial LLC purchased a new position in T-Mobile US during the second quarter valued at $27,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of T-Mobile US by 112.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 174 shares of the Wireless communications provider’s stock valued at $34,000 after buying an additional 92 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Key T-Mobile US News

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

• Positive Sentiment: MoffettNathanson raised its price target to $246 from $242 and reiterated a Buy rating, signaling confidence in T-Mobile’s longer-term growth and execution. MoffettNathanson Adjusts Price Target on T-Mobile US to $246 From $242, Keeps Buy Rating
• Positive Sentiment: T-Mobile and India’s Jio achieved the first reported 5G Standalone roaming connection, using standalone 5G cores without relying on 4G fallback. The development could strengthen T-Mobile’s technology leadership and support future consumer and enterprise roaming opportunities, although the immediate financial impact is uncertain. T-Mobile and Jio Achieve World’s First 5G Standalone Roaming
• Neutral Sentiment: J.P. Morgan continues to rate TMUS Buy/Overweight, reflecting a bullish long-term view, but the firm’s recent target reduction highlights greater caution about near-term fundamentals. T Mobile US Receives a Buy from J.P. Morgan
• Negative Sentiment: J.P. Morgan lowered its price target to $260 from $275 ahead of third-quarter results, citing a softer service-revenue outlook. The revision likely contributed to selling pressure, as investors focus on subscriber growth, wireless pricing and revenue momentum. T-Mobile Stock Slips as JPMorgan Cuts Target Ahead of Q3

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. 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.