United States Cellular Co. (NYSE:USM) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its stake in United States Cellular Co. (NYSE:USM) by 41.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,204 shares of the Wireless communications provider’s stock after selling 849 shares during the quarter. BNP Paribas Financial Markets’ holdings in United States Cellular were worth $66,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Summit Securities Group LLC purchased a new stake in shares of United States Cellular during the second quarter worth about $28,000. SG Americas Securities LLC acquired a new position in shares of United States Cellular during the second quarter valued at approximately $115,000. Bailard Inc. acquired a new position in shares of United States Cellular during the second quarter valued at approximately $207,000. Invesco LLC purchased a new position in shares of United States Cellular in the second quarter valued at approximately $214,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of United States Cellular in the second quarter worth approximately $218,000. 18.03% of the stock is currently owned by institutional investors and hedge funds.

United States Cellular Stock Performance

NYSE USM opened at $61.20 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57. The stock’s fifty day moving average is $61.73 and its two-hundred day moving average is $57.24. The firm has a market capitalization of $5.26 billion, a P/E ratio of -170.00 and a beta of 0.48. United States Cellular Co. has a fifty-two week low of $32.01 and a fifty-two week high of $68.31.

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

Analysts Set New Price Targets

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

United States Cellular 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.