United States Cellular (NYSE:USM) Stock Rating Lowered by StockNews.com

by · The Cerbat Gem

StockNews.com downgraded shares of United States Cellular (NYSE:USM – Free Report) from a hold rating to a sell rating in a research report released on Friday.

USM has been the topic of several other reports. Raymond James upgraded United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Thursday, November 7th. Wells Fargo & Company upped their price objective on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, November 4th.

Get Our Latest Analysis on United States Cellular

United States Cellular Trading Down 1.1 %

Shares of United States Cellular stock opened at $62.66 on Friday. The stock has a market cap of $5.39 billion, a P/E ratio of -174.05 and a beta of 0.48. The stock’s 50 day simple moving average is $62.57 and its 200-day simple moving average is $57.86. United States Cellular has a 1-year low of $32.01 and a 1-year high of $68.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39.

United States Cellular (NYSE:USM – Get Free Report) last issued its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.13. The business had revenue of $922.00 million for the quarter, compared to analysts’ expectations of $940.40 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. Analysts predict that United States Cellular will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in United States Cellular by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider’s stock valued at $128,349,000 after acquiring an additional 72,843 shares during the last quarter. Seven Eight Capital LP purchased a new stake in United States Cellular in the second quarter valued at approximately $589,000. State Street Corp raised its position in United States Cellular by 13.0% in the third quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider’s stock valued at $5,812,000 after purchasing an additional 12,219 shares during the period. Barclays PLC raised its position in United States Cellular by 10.8% in the third quarter. Barclays PLC now owns 24,636 shares of the Wireless communications provider’s stock valued at $1,345,000 after purchasing an additional 2,405 shares during the period. Finally, FMR LLC raised its position in United States Cellular by 3.5% in the third quarter. FMR LLC now owns 247,985 shares of the Wireless communications provider’s stock valued at $13,552,000 after purchasing an additional 8,416 shares during the period. 18.03% of the stock is currently owned by institutional investors and hedge funds.

About United States Cellular

(Get Free Report)

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.

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