United States Cellular (NYSE:USM) Share Price Crosses Above 200-Day Moving Average of $41.41

Shares of United States Cellular Co. (NYSE:USM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.41 and traded as high as $55.95. United States Cellular shares last traded at $55.95, with a volume of 176,212 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on USM. Wells Fargo & Company raised shares of United States Cellular from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $38.00 to $75.00 in a report on Thursday, May 30th. JPMorgan Chase & Co. upped their price objective on United States Cellular from $51.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th.

United States Cellular Stock Up 1.6 %

The company has a quick ratio of 1.46, a current ratio of 1.67 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $4.76 billion, a PE ratio of 83.51 and a beta of 0.52. The firm’s fifty day moving average is $46.36 and its 200-day moving average is $41.41.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.06). The business had revenue of $950.00 million during the quarter, compared to analysts’ expectations of $957.75 million. United States Cellular had a return on equity of 1.30% and a net margin of 1.55%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. On average, equities research analysts predict that United States Cellular Co. will post 0.58 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in USM. Jericho Capital Asset Management L.P. boosted its stake in shares of United States Cellular by 13.1% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 1,592,792 shares of the Wireless communications provider’s stock worth $58,137,000 after acquiring an additional 184,000 shares in the last quarter. Caxton Associates LP acquired a new position in United States Cellular during the first quarter worth $264,000. Gabelli Funds LLC boosted its position in United States Cellular by 1.5% during the first quarter. Gabelli Funds LLC now owns 659,515 shares of the Wireless communications provider’s stock worth $24,072,000 after purchasing an additional 9,815 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in United States Cellular by 3.3% in the first quarter. Gamco Investors INC. ET AL now owns 1,480,017 shares of the Wireless communications provider’s stock valued at $54,021,000 after purchasing an additional 47,267 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of United States Cellular by 22.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 360,000 shares of the Wireless communications provider’s stock valued at $13,140,000 after buying an additional 65,000 shares in the last quarter. 18.03% of the stock is currently owned by institutional investors and hedge funds.

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.