United States Cellular (NYSE:USM) Share Price Crosses Above 200-Day Moving Average of $41.41

United States Cellular Co. (NYSE:USM) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.41 and traded as high as $55.95. United States Cellular shares last traded at $55.95, with a volume of 176,212 shares changing hands.

Analyst Ratings Changes

Several research firms have commented on USM. JPMorgan Chase & Co. increased their target price on United States Cellular from $51.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Wells Fargo & Company upgraded shares of United States Cellular from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $38.00 to $75.00 in a research report on Thursday, May 30th.

United States Cellular Stock Performance

The company has a market cap of $4.76 billion, a P/E ratio of 83.51 and a beta of 0.52. The company’s 50-day moving average is $46.36 and its two-hundred day moving average is $41.41. The company has a quick ratio of 1.46, a current ratio of 1.67 and a debt-to-equity ratio of 0.65.

United States Cellular (NYSE:USM) last released its quarterly earnings results on Friday, May 3rd. The Wireless communications provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). The firm had revenue of $950.00 million for the quarter, compared to analysts’ expectations of $957.75 million. United States Cellular had a net margin of 1.55% and a return on equity of 1.30%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. Equities analysts predict that United States Cellular Co. will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quest Partners LLC purchased a new position in United States Cellular in the fourth quarter worth $43,000. Clear Street Markets LLC purchased a new stake in shares of United States Cellular in the 4th quarter worth about $105,000. Bfsg LLC bought a new stake in shares of United States Cellular during the 4th quarter valued at about $137,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of United States Cellular by 32.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,580 shares of the Wireless communications provider’s stock valued at $190,000 after buying an additional 1,117 shares during the period. Finally, Graham Capital Management L.P. bought a new position in United States Cellular in the third quarter worth about $228,000. 18.03% of the stock is currently owned by institutional investors.

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.