United States Cellular (NYSE:USM) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

United States Cellular Corporation (NYSE:USM)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $64.00 and traded as high as $64.10. United States Cellular shares last traded at $64.03, with a volume of 65,457 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on USM shares. JPMorgan Chase & Co. reduced their target price on shares of United States Cellular from $88.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, May 28th. Raymond James Financial restated an “outperform” rating and set a $78.00 target price (down previously from $83.00) on shares of United States Cellular in a research report on Monday, May 5th.

United States Cellular Trading Up 0.7%

The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of -139.19 and a beta of 0.35. The company’s 50-day moving average is $62.47 and its 200-day moving average is $64.00. The company has a quick ratio of 1.48, a current ratio of 1.70 and a debt-to-equity ratio of 0.62.

United States Cellular (NYSE:USM) last announced its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.16). United States Cellular had a negative net margin of 1.05% and a positive return on equity of 1.36%. The company had revenue of $891.00 million for the quarter, compared to analyst estimates of $924.90 million. Research analysts anticipate that United States Cellular Corporation will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United States Cellular

Several institutional investors have recently bought and sold shares of the company. Amundi lifted its holdings in 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 purchasing an additional 244 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in United States Cellular by 1.4% in the 1st quarter. Central Pacific Bank Trust Division now owns 21,900 shares of the Wireless communications provider’s stock valued at $1,514,000 after purchasing an additional 300 shares in the last quarter. Swiss National Bank lifted its holdings in United States Cellular by 1.3% in the 4th quarter. Swiss National Bank now owns 31,300 shares of the Wireless communications provider’s stock valued at $1,963,000 after purchasing an additional 400 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in 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 purchasing an additional 453 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of United States Cellular by 9.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 7,260 shares of the Wireless communications provider’s stock worth $454,000 after acquiring an additional 609 shares during the period. 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.