Amundi Boosts Stock Position in United States Cellular Co. (NYSE:USM)

Amundi lifted its position in United States Cellular Co. (NYSE:USM) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,628 shares of the Wireless communications provider’s stock after acquiring an additional 244 shares during the period. Amundi’s holdings in United States Cellular were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in United States Cellular by 13.0% during the third quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider’s stock worth $5,812,000 after buying an additional 12,219 shares during the last quarter. Mariner Investment Group LLC purchased a new stake in shares of United States Cellular in the 4th quarter valued at $1,944,000. Barclays PLC raised its holdings in shares of 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. JPMorgan Chase & Co. increased its holdings in United States Cellular by 34.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider’s stock worth $2,879,000 after purchasing an additional 13,467 shares during the period. Finally, Geode Capital Management LLC increased its holdings in 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. 18.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on USM shares. JPMorgan Chase & Co. increased their price objective on United States Cellular from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, February 24th. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a report on Friday, February 21st.

United States Cellular Stock Up 0.8 %

United States Cellular stock opened at $67.54 on Friday. United States Cellular Co. has a twelve month low of $33.38 and a twelve month high of $69.20. The stock has a 50 day moving average of $64.65 and a two-hundred day moving average of $61.72. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of -187.61 and a beta of 0.46.

United States Cellular (NYSE:USM) last issued its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.15. The business had revenue of $970.00 million during the quarter, compared to the consensus estimate of $964.70 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. During the same period in the prior year, the business posted $0.23 EPS. As a group, research analysts expect that United States Cellular Co. will post 0.57 earnings per share 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.