United States Cellular (NYSE:USM) Cut to “Sell” at StockNews.com

StockNews.com cut shares of United States Cellular (NYSE:USM) from a hold rating to a sell rating in a research note issued to investors on Thursday.

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

United States Cellular Price Performance

Shares of United States Cellular stock opened at $67.61 on Thursday. The company has a 50-day simple moving average of $62.92 and a two-hundred day simple moving average of $59.61. United States Cellular has a twelve month low of $32.01 and a twelve month high of $68.31. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of -187.80 and a beta of 0.47. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

Institutional Trading of United States Cellular

Several large investors have recently bought and sold shares of the business. Jericho Capital Asset Management L.P. lifted its holdings in shares of United States Cellular by 2.0% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 1,815,844 shares of the Wireless communications provider’s stock worth $113,890,000 after acquiring an additional 35,052 shares during the last quarter. Gabelli Funds LLC lifted its stake in United States Cellular by 0.4% in the 4th quarter. Gabelli Funds LLC now owns 709,149 shares of the Wireless communications provider’s stock valued at $44,478,000 after purchasing an additional 2,541 shares during the last quarter. American Century Companies Inc. boosted its position in United States Cellular by 12.4% in the fourth quarter. American Century Companies Inc. now owns 464,685 shares of the Wireless communications provider’s stock valued at $29,145,000 after buying an additional 51,362 shares in the last quarter. FMR LLC grew its stake in shares of United States Cellular by 3.5% during the third quarter. FMR LLC now owns 247,985 shares of the Wireless communications provider’s stock worth $13,552,000 after buying an additional 8,416 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of United States Cellular by 20.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 172,948 shares of the Wireless communications provider’s stock worth $10,847,000 after buying an additional 29,927 shares in the last quarter. 18.03% of the stock is owned by institutional investors and hedge funds.

United States Cellular Company Profile

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.