T-Mobile US Inc. (NASDAQ:TMUS) ranks as one of the best communication services stocks favored by Hedge Funds. Analyst Maher Yaghi from Scotiabank reaffirmed a Buy rating for TMUS with a revised target price of $270.5, offering over 37% upside for investors.

Scotiabank’s recent price target revisions for the Telecommunication Services sector include decent revenue and EBITDA growth projections for Q4. Despite increased promotional activity during the holiday season, the industry is expected to perform well.

Wolfe Research analyst Peter Supino maintained a Buy rating on T-Mobile US (NASDAQ:TMUS) with a lowered price target of $253. Even with this adjustment, Supino sees more than 26% upside potential for investors in TMUS stock.

T-Mobile US (NASDAQ:TMUS) operates as a wireless carrier under Deutsche Telekom, focusing on offering voice, data, and communication services through various mobile plans and business solutions, with a strong emphasis on developing its 5G network.

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Read more at Yahoo Finance: Upcoming Q4 Results Could Trigger a Rally in T-Mobile US (TMUS)