T-Mobile US (NASDAQ:TMUS) Cut to Hold at HSBC

T-Mobile US (NASDAQ:TMUS - Get Free Report) was downgraded by research analysts at HSBC from a "buy" rating to a "hold" rating in a report released on Wednesday, MarketBeat.com reports. They presently have a $270.00 price objective on the Wireless communications provider's stock. HSBC's price target would indicate a potential upside of 2.02% from the company's previous close.

A number of other brokerages also recently commented on TMUS. Scotiabank increased their price target on T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a research report on Monday. JPMorgan Chase & Co. raised their target price on T-Mobile US from $250.00 to $265.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Benchmark restated a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Tigress Financial restated a "buy" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $254.10.

T-Mobile US Trading Down 3.0 %

NASDAQ:TMUS opened at $264.65 on Wednesday. T-Mobile US has a one year low of $158.84 and a one year high of $276.49. The company has a market cap of $302.16 billion, a PE ratio of 27.37, a PEG ratio of 1.55 and a beta of 0.56. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a 50-day moving average of $237.38 and a 200-day moving average of $225.22.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, equities research analysts expect that T-Mobile US will post 10.37 EPS for the current fiscal year.

Insider Activity at T-Mobile US

In related news, Director Letitia A. Long sold 1,100 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now directly owns 5,653 shares of the company's stock, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andre Almeida purchased 3,808 shares of the business's stock in a transaction on Monday, December 9th. The stock was bought at an average cost of $235.72 per share, with a total value of $897,621.76. Following the purchase, the director now owns 3,808 shares in the company, valued at approximately $897,621.76. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

Institutional Trading of T-Mobile US

Hedge funds have recently made changes to their positions in the stock. Ancora Advisors LLC boosted its holdings in T-Mobile US by 16.6% in the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after acquiring an additional 37 shares in the last quarter. Snowden Capital Advisors LLC boosted its stake in T-Mobile US by 0.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after purchasing an additional 40 shares in the last quarter. Signaturefd LLC grew its position in T-Mobile US by 0.4% during the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock valued at $2,499,000 after purchasing an additional 41 shares during the last quarter. Continuum Advisory LLC increased its stake in T-Mobile US by 0.7% during the 4th quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider's stock valued at $1,340,000 after purchasing an additional 43 shares in the last quarter. Finally, JSF Financial LLC raised its holdings in T-Mobile US by 0.9% in the fourth quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider's stock worth $1,117,000 after buying an additional 44 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Company Profile

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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