Barclays PLC Has $1.35 Million Stock Holdings in United States Cellular Co. (NYSE:USM)

Barclays PLC raised its position in shares of United States Cellular Co. (NYSE:USM) by 10.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,636 shares of the Wireless communications provider’s stock after purchasing an additional 2,405 shares during the period. Barclays PLC’s holdings in United States Cellular were worth $1,345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USM. Invesco LLC acquired a new position in shares of United States Cellular during the 2nd quarter worth $214,000. The Manufacturers Life Insurance Company acquired a new stake in United States Cellular in the second quarter valued at about $218,000. Johnson Investment Counsel Inc. bought a new position in United States Cellular in the second quarter valued at about $234,000. Arizona State Retirement System acquired a new position in United States Cellular during the second quarter worth about $245,000. Finally, Ionic Capital Management LLC bought a new position in shares of United States Cellular in the third quarter worth about $246,000. 18.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

USM has been the topic of several research 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 on the stock in a report on Thursday, November 7th. Wells Fargo & Company boosted their target price on shares of United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

United States Cellular Stock Up 0.3 %

Shares of NYSE USM opened at $63.71 on Friday. The company has a 50 day simple moving average of $62.35 and a 200 day simple moving average of $57.49. 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 Co. has a 1 year low of $32.01 and a 1 year high of $68.31. The firm has a market cap of $5.48 billion, a PE ratio of -176.97 and a beta of 0.48.

United States Cellular (NYSE:USM) last released its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share (EPS) 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 last year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, research analysts forecast that United States Cellular Co. will post 0.57 EPS for the current year.

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.