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

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

Other equities analysts have also issued reports about the company. Raymond James upgraded 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 upped 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.

United States Cellular Trading Down 0.3 %

Shares of USM stock opened at $60.87 on Friday. 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 twelve month low of $32.01 and a twelve month high of $68.31. The company has a market capitalization of $5.23 billion, a P/E ratio of -169.08 and a beta of 0.48. The business’s 50 day moving average is $62.50 and its two-hundred day moving average is $58.06.

United States Cellular (NYSE:USM) last posted its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The company had revenue of $922.00 million for the quarter, compared to the consensus estimate of $940.40 million. During the same period in the previous year, the business earned $0.26 earnings per share. United States Cellular’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities analysts forecast that United States Cellular will post 0.57 EPS for the current year.

Institutional Trading of United States Cellular

Several institutional investors and hedge funds have recently bought and sold shares of USM. The Manufacturers Life Insurance Company bought a new stake in shares of United States Cellular during the 2nd quarter worth $218,000. Johnson Investment Counsel Inc. purchased a new stake in shares of United States Cellular during the second quarter worth $234,000. Arizona State Retirement System purchased a new stake in shares of United States Cellular during the second quarter worth $245,000. Ionic Capital Management LLC bought a new position in United States Cellular during the third quarter valued at about $246,000. Finally, Quest Partners LLC raised its holdings in United States Cellular by 231.1% during the third quarter. Quest Partners LLC now owns 4,675 shares of the Wireless communications provider’s stock valued at $255,000 after buying an additional 3,263 shares in the last quarter. Institutional investors and hedge funds 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.