T-Mobile US’s (TMUS) Buy Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their buy rating on shares of T-Mobile US (NASDAQ:TMUS) in a research report sent to investors on Monday morning,MarketScreener reports.

Several other research firms also recently weighed in on TMUS. Moffett Nathanson raised their price objective on T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Williams Trading set a $263.00 target price on T-Mobile US in a research report on Friday, October 24th. Royal Bank Of Canada reissued a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Raymond James Financial raised T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Finally, Scotiabank lifted their target price on shares of T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $262.17.

T-Mobile US Trading Up 0.7%

Shares of T-Mobile US stock opened at $199.38 on Monday. The firm’s 50 day moving average is $212.03 and its 200 day moving average is $229.71. The firm has a market capitalization of $223.01 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.27 and a beta of 0.44. T-Mobile US has a 1 year low of $194.01 and a 1 year high of $276.49. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the firm earned $2.61 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s payout ratio is currently 39.23%.

Insider Buying and Selling at T-Mobile US

In other news, CEO Srini Gopalan bought 9,800 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was acquired at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the transaction, the chief executive officer owned 90,258 shares of the company’s stock, valued at $18,215,869.56. This trade represents a 12.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Katz sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the transaction, the insider owned 156,203 shares in the company, valued at $33,725,789.73. This trade represents a 1.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,043,868 shares of company stock worth $238,762,618. Company insiders own 0.37% of the company’s stock.

Institutional Trading of T-Mobile US

A number of institutional investors have recently bought and sold shares of TMUS. Norges Bank bought a new position in T-Mobile US during the second quarter worth $1,477,780,000. Wellington Management Group LLP boosted its position in shares of T-Mobile US by 47.5% during the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after purchasing an additional 4,335,368 shares in the last quarter. Marshall Wace LLP grew its stake in shares of T-Mobile US by 2,303.2% in the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after buying an additional 1,878,654 shares during the period. Viking Global Investors LP increased its position in T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares in the last quarter. Finally, Amundi raised its stake in T-Mobile US by 44.6% during the 3rd quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock worth $924,380,000 after buying an additional 1,266,808 shares during the period. Institutional investors own 42.49% of the company’s stock.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.