HSBC Holdings PLC upgraded shares of T-Mobile US, Inc. (NASDAQ:TMUS) from a hold rating to a buy rating in a research note published on Tuesday.

Other equities analysts have also issued reports about the company. Cowen Inc reaffirmed a buy rating and issued a $70.00 price target on shares of T-Mobile US in a report on Tuesday, October 17th. Royal Bank Of Canada reaffirmed a buy rating and issued a $76.00 price target on shares of T-Mobile US in a report on Tuesday, October 3rd. KeyCorp set a $72.00 price target on T-Mobile US and gave the stock a buy rating in a report on Wednesday, October 11th. Jefferies Group LLC reaffirmed a buy rating and issued a $80.00 price target on shares of T-Mobile US in a report on Thursday, September 7th. Finally, BidaskClub raised T-Mobile US from a hold rating to a buy rating in a report on Saturday, August 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $69.91.

T-Mobile US (NASDAQ:TMUS) opened at $61.35 on Tuesday. T-Mobile US has a twelve month low of $53.30 and a twelve month high of $68.88. The firm has a market capitalization of $51,041.00, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 1.35 and a beta of 0.29. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.17. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The firm had revenue of $10.02 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same period last year, the company earned $0.27 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. equities research analysts predict that T-Mobile US will post 2.33 EPS for the current year.

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Several hedge funds have recently modified their holdings of TMUS. Creative Planning raised its position in shares of T-Mobile US by 55.8% in the second quarter. Creative Planning now owns 4,989 shares of the Wireless communications provider’s stock worth $302,000 after buying an additional 1,786 shares in the last quarter. Aperio Group LLC raised its position in shares of T-Mobile US by 7.1% in the second quarter. Aperio Group LLC now owns 118,054 shares of the Wireless communications provider’s stock worth $7,156,000 after buying an additional 7,832 shares in the last quarter. First Quadrant L P CA raised its position in shares of T-Mobile US by 54.3% in the second quarter. First Quadrant L P CA now owns 8,952 shares of the Wireless communications provider’s stock worth $543,000 after buying an additional 3,152 shares in the last quarter. US Bancorp DE raised its position in shares of T-Mobile US by 7.0% in the second quarter. US Bancorp DE now owns 10,445 shares of the Wireless communications provider’s stock worth $633,000 after buying an additional 682 shares in the last quarter. Finally, BB&T Corp raised its position in shares of T-Mobile US by 530.9% in the second quarter. BB&T Corp now owns 22,668 shares of the Wireless communications provider’s stock worth $1,374,000 after buying an additional 19,075 shares in the last quarter. Institutional investors own 35.48% 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 U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

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