United States Cellular (NYSE:USM) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

United States Cellular Co. (NYSE:USM)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $57.43 and traded as high as $63.82. United States Cellular shares last traded at $63.71, with a volume of 66,377 shares changing hands.

Analyst Upgrades and Downgrades

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

United States Cellular Stock Performance

The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of -176.97 and a beta of 0.48. The stock has a fifty day moving average price of $62.34 and a two-hundred day moving average price of $57.43.

United States Cellular (NYSE:USM) last announced 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. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The firm had revenue of $922.00 million during the quarter, compared to the consensus estimate of $940.40 million. During the same quarter in the previous year, the company posted $0.26 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, analysts forecast that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in USM. JPMorgan Chase & Co. grew its position in shares of United States Cellular by 34.3% in the third quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider’s stock valued at $2,879,000 after purchasing an additional 13,467 shares during the period. Barclays PLC grew its holdings in United States Cellular by 10.8% in the 3rd quarter. Barclays PLC now owns 24,636 shares of the Wireless communications provider’s stock valued at $1,345,000 after buying an additional 2,405 shares during the period. Geode Capital Management LLC increased its stake in shares of United States Cellular by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 166,181 shares of the Wireless communications provider’s stock valued at $9,085,000 after acquiring an additional 7,449 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of United States Cellular during the 3rd quarter valued at about $444,000. Finally, State Street Corp lifted its holdings in shares of United States Cellular by 13.0% during the 3rd quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider’s stock worth $5,812,000 after acquiring an additional 12,219 shares during the period. 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.