Fmr LLC Has $13.55 Million Stake in United States Cellular Co. (NYSE:USM)

Fmr LLC raised its stake in United States Cellular Co. (NYSE:USM) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 247,985 shares of the Wireless communications provider’s stock after buying an additional 8,416 shares during the quarter. Fmr LLC owned 0.29% of United States Cellular worth $13,552,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of United States Cellular in the second quarter worth about $115,000. Welch Group LLC bought a new stake in shares of United States Cellular in the second quarter worth about $614,000. TCW Group Inc. increased its holdings in shares of 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 acquiring an additional 141,713 shares in the last quarter. Bailard Inc. bought a new stake in shares of United States Cellular in the second quarter worth about $207,000. Finally, Summit Securities Group LLC bought a new stake in shares of United States Cellular in the second quarter worth about $28,000. Institutional investors and hedge funds own 18.03% of the company’s stock.

United States Cellular Trading Down 0.3 %

NYSE USM opened at $60.85 on Wednesday. The company has a market cap of $5.23 billion, a PE ratio of -169.03 and a beta of 0.48. United States Cellular Co. has a 12 month low of $32.01 and a 12 month high of $68.31. The stock has a 50 day moving average of $60.98 and a 200-day moving average of $56.73. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.13. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The company had revenue of $922.00 million for the quarter, compared to analyst estimates of $940.40 million. During the same period in the previous year, the business earned $0.26 EPS. United States Cellular’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Raymond James upgraded United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Thursday, November 7th. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company increased their price objective on United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, November 4th.

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.