T-Mobile US (NASDAQ:TMUS) Raised to Strong-Buy at Hsbc Global Res

T-Mobile US (NASDAQ:TMUS) was upgraded by equities researchers at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

TMUS has been the topic of a number of other reports. The Goldman Sachs Group started coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price on the stock. Bank of America started coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a “neutral” rating and a $255.00 target price on the stock. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. KeyCorp reiterated an “underweight” rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Finally, Rothschild & Co Redburn upgraded shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $268.22.

T-Mobile US Stock Down 1.0%

TMUS stock opened at $217.77 on Friday. T-Mobile US has a 52 week low of $208.39 and a 52 week high of $276.49. The company has a market capitalization of $245.08 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. The firm’s 50-day moving average is $239.30 and its two-hundred day moving average is $240.66. The company has a current ratio of 0.89, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the previous year, the firm earned $2.61 EPS. T-Mobile US’s revenue was up 8.9% on a year-over-year basis. On average, analysts forecast that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the sale, the director owned 582,220,759 shares in the company, valued at $131,680,869,063.03. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 2,389,677 shares of company stock worth $575,795,321 in the last quarter. 0.37% of the stock is owned by insiders.

Institutional Investors Weigh In On T-Mobile US

A number of large investors have recently made changes to their positions in the company. Hohimer Wealth Management LLC raised its holdings in shares of T-Mobile US by 2.3% in the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock valued at $480,000 after purchasing an additional 41 shares during the last quarter. Journey Strategic Wealth LLC raised its holdings in shares of T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock valued at $273,000 after purchasing an additional 41 shares during the last quarter. Angeles Wealth Management LLC raised its holdings in shares of T-Mobile US by 1.2% in the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock valued at $888,000 after purchasing an additional 41 shares during the last quarter. Weaver Capital Management LLC raised its holdings in shares of T-Mobile US by 0.6% in the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock valued at $1,605,000 after purchasing an additional 42 shares during the last quarter. Finally, Haven Private LLC raised its holdings in shares of T-Mobile US by 1.3% in the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds 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.