JPMorgan Chase & Co. Forecasts Strong Price Appreciation for United States Cellular (NYSE:USM) Stock

United States Cellular (NYSE:USM) had its price objective lifted by research analysts at JPMorgan Chase & Co. from $86.00 to $88.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 34.81% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Wells Fargo & Company lifted their target price on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, 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 research report on Thursday, November 7th.

United States Cellular Stock Performance

NYSE USM opened at $65.28 on Monday. The stock’s fifty day moving average is $63.57 and its two-hundred day moving average is $60.37. The firm has a market capitalization of $5.61 billion, a P/E ratio of -181.31 and a beta of 0.47. 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 has a fifty-two week low of $32.01 and a fifty-two week high of $69.20.

United States Cellular (NYSE:USM) last posted its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.15. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The company had revenue of $970.00 million for the quarter, compared to the consensus estimate of $964.70 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. On average, research analysts anticipate that United States Cellular will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On United States Cellular

Several institutional investors and hedge funds have recently modified their holdings of USM. R Squared Ltd purchased a new stake in shares of United States Cellular in the 4th quarter valued at $38,000. Lazard Asset Management LLC raised its holdings in shares of United States Cellular by 1,837.5% in the 4th quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider’s stock valued at $58,000 after buying an additional 882 shares during the period. Amundi raised its holdings in shares of United States Cellular by 17.6% in the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock valued at $99,000 after buying an additional 244 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of United States Cellular by 37.6% in the 4th quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider’s stock valued at $104,000 after buying an additional 453 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in shares of United States Cellular by 1,917.3% in the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 2,109 shares during the period. Hedge funds and other institutional investors own 18.03% of the company’s stock.

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.