United States Cellular (NYSE:USM) Upgraded to “Hold” at StockNews.com

by · The Markets Daily

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

Other research analysts also recently issued reports about the company. Raymond James upgraded United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research report on Thursday, November 7th. Wells Fargo & Company increased their price objective on shares of United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, November 4th.

View Our Latest Stock Report on USM

United States Cellular Stock Performance

Shares of NYSE USM opened at $60.97 on Friday. The firm’s fifty day moving average is $62.57 and its two-hundred day moving average is $58.17. United States Cellular has a 52-week low of $32.01 and a 52-week high of $68.31. The company has a market cap of $5.24 billion, a P/E ratio of -169.36 and a beta of 0.48. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57.

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 (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The firm had revenue of $922.00 million for the quarter, compared to analysts’ expectations of $940.40 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The business’s revenue was down 4.3% compared to the same quarter last year. As a group, analysts anticipate that United States Cellular will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of United States Cellular by 8.7% during the second quarter. Victory Capital Management Inc. now owns 12,475 shares of the Wireless communications provider’s stock valued at $696,000 after buying an additional 994 shares during the period. Arizona State Retirement System purchased a new position in United States Cellular during the 2nd quarter valued at $245,000. American Century Companies Inc. grew its position in United States Cellular by 8.7% in the 2nd quarter. American Century Companies Inc. now owns 327,931 shares of the Wireless communications provider’s stock valued at $18,305,000 after acquiring an additional 26,369 shares during the last quarter. Johnson Investment Counsel Inc. bought a new position in United States Cellular in the 2nd quarter valued at $234,000. Finally, Dimensional Fund Advisors LP increased its stake 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 worth $128,349,000 after purchasing an additional 72,843 shares during the period. 18.03% of the stock is owned by hedge funds and other institutional investors.

United States Cellular Company Profile

(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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