United States Cellular (NYSE:USM) Upgraded at StockNews.com

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

USM has been the subject of a number of other reports. Raymond James raised shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research note on Thursday, November 7th. Wells Fargo & Company boosted 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.

United States Cellular Trading Down 0.1 %

Shares of NYSE USM opened at $61.54 on Wednesday. The stock has a market capitalization of $5.29 billion, a P/E ratio of -170.94 and a beta of 0.47. United States Cellular has a 1-year low of $32.01 and a 1-year high of $68.31. The business’s 50 day moving average is $58.49 and its two-hundred day moving average is $53.94. 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) last released its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.13. The firm had revenue of $922.00 million for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. As a group, research analysts expect that United States Cellular will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in USM. Point72 Asset Management L.P. purchased a new stake in United States Cellular in the 2nd quarter valued at about $22,394,000. Jericho Capital Asset Management L.P. boosted its holdings in shares of United States Cellular by 13.1% in the first quarter. Jericho Capital Asset Management L.P. now owns 1,592,792 shares of the Wireless communications provider’s stock valued at $58,137,000 after purchasing an additional 184,000 shares during the period. TCW Group Inc. grew its stake in United States Cellular by 200.8% in the second quarter. TCW Group Inc. now owns 212,294 shares of the Wireless communications provider’s stock worth $11,850,000 after purchasing an additional 141,713 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in United States Cellular by 3.3% during the 2nd 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. Finally, Algert Global LLC raised its position in United States Cellular by 220.8% during the 2nd quarter. Algert Global LLC now owns 76,726 shares of the Wireless communications provider’s stock valued at $4,283,000 after purchasing an additional 52,806 shares in the last quarter. Hedge funds and other institutional investors own 18.03% of the company’s stock.

About United States Cellular

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.