T-Mobile US (NASDAQ:TMUS) Upgraded at HSBC

Key Points

• HSBC upgraded T-Mobile US from a "hold" rating to a "buy" rating, setting a price target of $285.00, which implies a potential upside of 30.90% from the stock’s previous close.
• In addition to HSBC, research firms like JPMorgan Chase and Benchmark have revised their price targets upward, reflecting a consensus rating of "Moderate Buy" for T-Mobile US.
• Despite a recent downturn of 1% in share price, T-Mobile US reported strong quarterly earnings, exceeding expectations with revenue of $21.96 billion and an EPS of $2.41.

T-Mobile US (NASDAQ:TMUS - Get Free Report) was upgraded by HSBC from a "hold" rating to a "buy" rating in a report released on Friday, MarketBeat reports. The brokerage currently has a $285.00 price objective on the Wireless communications provider's stock. HSBC's price target indicates a potential upside of 30.90% from the stock's previous close.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 30th. Moffett Nathanson lifted their price objective on T-Mobile US from $210.00 to $230.00 and gave the stock a "neutral" rating in a research note on Thursday, October 2nd. Weiss Ratings reissued a "buy (b)" rating on shares of T-Mobile US in a research note on Friday. Benchmark increased their price target on T-Mobile US from $275.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, October 10th. Finally, Bank of America began coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus price target of $268.22.

T-Mobile US Trading Down 1.0%

Shares of T-Mobile US stock traded down $2.26 during trading on Friday, reaching $217.73. 3,989,998 shares of the company were exchanged, compared to its average volume of 4,319,496. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US has a twelve month low of $208.39 and a twelve month high of $276.49. The business has a 50-day moving average price of $240.04 and a 200-day moving average price of $240.85. The firm has a market capitalization of $245.03 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 1.56 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data 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 return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.96 billion during the quarter, compared to analysts' expectations of $21.61 billion. During the same period in the previous year, the firm earned $2.61 earnings per share. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. Sell-side analysts anticipate that T-Mobile US will post 10.37 EPS for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the completion of the transaction, the director directly owned 636,271,724 shares of the company's stock, valued at $159,621,487,399.88. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 2,389,677 shares of company stock worth $575,795,321 over the last ninety days. 0.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TMUS. GAMMA Investing LLC boosted its position in shares of T-Mobile US by 10.2% during the first quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider's stock worth $3,054,000 after buying an additional 1,059 shares during the period. Spire Wealth Management boosted its position in T-Mobile US by 226.0% during the first quarter. Spire Wealth Management now owns 5,712 shares of the Wireless communications provider's stock valued at $1,523,000 after purchasing an additional 3,960 shares during the last quarter. Golden State Wealth Management LLC boosted its position in T-Mobile US by 1,255.6% during the first quarter. Golden State Wealth Management LLC now owns 2,779 shares of the Wireless communications provider's stock valued at $741,000 after purchasing an additional 2,574 shares during the last quarter. Perigon Wealth Management LLC boosted its position in T-Mobile US by 7.0% during the first quarter. Perigon Wealth Management LLC now owns 3,892 shares of the Wireless communications provider's stock valued at $1,038,000 after purchasing an additional 256 shares during the last quarter. Finally, Pure Financial Advisors LLC acquired a new position in T-Mobile US during the first quarter valued at approximately $358,000. 42.49% of the stock is owned by institutional investors and hedge funds.

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.

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