United States Cellular (NYSE:USM) Stock Rating Upgraded by StockNews.com

United States Cellular (NYSE:USM) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

A number of other analysts have also recently commented on USM. Raymond James raised 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 research note on Thursday, November 7th. Wells Fargo & Company boosted their price objective 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.

United States Cellular Stock Performance

Shares of USM stock opened at $63.98 on Tuesday. 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 has a 12-month low of $32.01 and a 12-month high of $68.31. The business’s 50 day moving average is $62.55 and its two-hundred day moving average is $58.46. The company has a market capitalization of $5.50 billion, a P/E ratio of -177.71 and a beta of 0.48.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The firm had revenue of $922.00 million for the quarter, compared to analyst estimates of $940.40 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The business’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Analysts expect that United States Cellular will post 0.57 EPS for the current fiscal year.

Institutional Trading of United States Cellular

Several large investors have recently bought and sold shares of USM. Point72 Asset Management L.P. purchased a new stake in United States Cellular in the second quarter valued at $22,394,000. FMR LLC lifted its holdings in shares of United States Cellular by 3.5% in the 3rd quarter. FMR LLC now owns 247,985 shares of the Wireless communications provider’s stock worth $13,552,000 after acquiring an additional 8,416 shares during the last quarter. Geode Capital Management LLC boosted its position 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 worth $9,085,000 after purchasing an additional 7,449 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of United States Cellular by 28.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,021 shares of the Wireless communications provider’s stock valued at $7,816,000 after buying an additional 31,934 shares during the period. Finally, State Street Corp lifted its stake in 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 in the last quarter. Hedge funds and other institutional investors own 18.03% of the company’s stock.

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.