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

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

Other equities research analysts also recently issued research reports about the stock. 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 lifted their target price on United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, November 4th.

United States Cellular Price Performance

USM opened at $63.61 on Wednesday. The company has a fifty day moving average price of $62.68 and a two-hundred day moving average price of $58.76. The firm has a market capitalization of $5.47 billion, a PE ratio of -176.68 and a beta of 0.48. United States Cellular has a 52 week low of $32.01 and a 52 week high of $68.31. 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 released its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.26 EPS for the quarter, beating 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 business had revenue of $922.00 million during the quarter, compared to the consensus estimate of $940.40 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. As a group, analysts anticipate that United States Cellular will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On United States Cellular

Several institutional investors have recently added to or reduced their stakes in USM. R Squared Ltd bought a new position in shares of United States Cellular during the fourth quarter worth about $38,000. The Manufacturers Life Insurance Company bought a new stake in shares of United States Cellular in the second quarter worth $218,000. Invesco LLC acquired a new position in United States Cellular during the fourth quarter worth $219,000. Ionic Capital Management LLC bought a new position in United States Cellular in the third quarter valued at $246,000. Finally, Quest Partners LLC increased its stake in United States Cellular by 231.1% in the 3rd 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 during the last quarter. 18.03% of the stock is owned by institutional investors.

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.