United States Cellular (NYSE:USM) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

United States Cellular Co. (NYSE:USM)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $58.06 and traded as high as $61.00. United States Cellular shares last traded at $60.87, with a volume of 118,384 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on USM shares. Raymond James upgraded shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price objective on shares of United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, StockNews.com upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a research note on Saturday.

United States Cellular Stock Down 0.3 %

The firm has a market cap of $5.23 billion, a P/E ratio of -169.08 and a beta of 0.48. The stock’s 50 day simple moving average is $62.50 and its 200 day simple moving average is $58.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57.

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

Hedge Funds Weigh In On United States Cellular

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of United States Cellular by 34.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider’s stock worth $2,879,000 after buying an additional 13,467 shares during the last quarter. Barclays PLC boosted 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 worth $1,345,000 after buying an additional 2,405 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of United States Cellular by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 166,181 shares of the Wireless communications provider’s stock worth $9,085,000 after buying an additional 7,449 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of United States Cellular in the 3rd quarter worth about $444,000. Finally, State Street Corp raised its stake in United States Cellular by 13.0% in the 3rd quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider’s stock valued at $5,812,000 after acquiring an additional 12,219 shares during the period. 18.03% of the stock is owned by hedge funds and other institutional investors.

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.