T-Mobile US (NASDAQ:TMUS) Rating Lowered to “Hold” at HSBC

T-Mobile US (NASDAQ:TMUS) was downgraded by analysts at HSBC from a “buy” rating to a “hold” rating in a research note issued on Wednesday, MarketBeat Ratings reports. They presently have a $270.00 target price on the Wireless communications provider’s stock. HSBC’s price objective indicates a potential upside of 2.68% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Benchmark restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Tigress Financial reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Oppenheimer boosted their target price on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $254.10.

T-Mobile US Price Performance

T-Mobile US stock opened at $262.95 on Wednesday. T-Mobile US has a 52 week low of $158.84 and a 52 week high of $276.49. The company’s 50 day moving average price is $238.96 and its two-hundred day moving average price is $225.74. The stock has a market cap of $300.22 billion, a P/E ratio of 27.19, a P/E/G ratio of 1.55 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, equities analysts predict that T-Mobile US will post 10.37 earnings per share for the current year.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now directly owns 5,653 shares in the company, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in T-Mobile US in the fourth quarter worth $1,802,393,000. Canada Pension Plan Investment Board boosted its holdings in shares of T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock worth $1,329,919,000 after purchasing an additional 2,777,657 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of T-Mobile US in the 4th quarter worth about $452,721,000. Capital International Investors increased its position in shares of T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after buying an additional 1,522,394 shares in the last quarter. 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.