United States Cellular (NYSE:USM) Raised to Hold at StockNews.com

United States Cellular (NYSE:USM) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Several other brokerages have also weighed in on USM. Wells Fargo & Company upped their target price on United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Raymond James upgraded United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Thursday, November 7th.

United States Cellular Trading Up 0.5 %

Shares of NYSE:USM opened at $67.20 on Friday. United States Cellular has a 12-month low of $32.01 and a 12-month high of $69.20. 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 firm has a market capitalization of $5.78 billion, a P/E ratio of -186.67 and a beta of 0.47. The firm has a fifty day moving average of $63.40 and a two-hundred day moving average of $59.96.

Institutional Trading of United States Cellular

Several large investors have recently made changes to their positions in USM. Alyeska Investment Group L.P. lifted its holdings in United States Cellular by 73.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 480,250 shares of the Wireless communications provider’s stock worth $30,121,000 after purchasing an additional 204,146 shares during the last quarter. Man Group plc raised its position in shares of United States Cellular by 124.6% in the fourth quarter. Man Group plc now owns 114,465 shares of the Wireless communications provider’s stock valued at $7,179,000 after purchasing an additional 63,501 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in shares of United States Cellular by 41.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 179,909 shares of the Wireless communications provider’s stock worth $11,284,000 after buying an additional 52,396 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of United States Cellular by 12.4% during the 4th quarter. American Century Companies Inc. now owns 464,685 shares of the Wireless communications provider’s stock worth $29,145,000 after buying an additional 51,362 shares during the period. Finally, ExodusPoint Capital Management LP grew its stake in United States Cellular by 588.6% in the 4th quarter. ExodusPoint Capital Management LP now owns 55,483 shares of the Wireless communications provider’s stock valued at $3,480,000 after buying an additional 47,426 shares during the last quarter. 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.