United States Cellular (NYSE:USM) Downgraded to Sell Rating by StockNews.com

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

A number of other brokerages also recently commented on USM. Raymond James raised shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research report on Thursday, November 7th. Wells Fargo & Company increased their price objective 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 stock opened at $62.66 on Friday. The firm has a 50-day moving average of $62.57 and a two-hundred day moving average of $57.86. The firm has a market capitalization of $5.39 billion, a PE ratio of -174.05 and a beta of 0.48. 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 one year low of $32.01 and a one year high of $68.31.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. 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 EPS. The company’s revenue was down 4.3% on a year-over-year basis. On average, analysts forecast that United States Cellular will post 0.57 earnings per share for the current year.

Institutional Trading of United States Cellular

Institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in United States Cellular by 6.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider’s stock worth $227,000 after acquiring an additional 245 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of United States Cellular by 0.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,029 shares of the Wireless communications provider’s stock valued at $1,969,000 after purchasing an additional 264 shares during the last quarter. Creative Planning increased its stake in shares of United States Cellular by 12.4% in the third quarter. Creative Planning now owns 7,238 shares of the Wireless communications provider’s stock worth $396,000 after purchasing an additional 800 shares during the period. Victory Capital Management Inc. lifted its position in shares of United States Cellular by 8.7% during the 2nd quarter. Victory Capital Management Inc. now owns 12,475 shares of the Wireless communications provider’s stock worth $696,000 after purchasing an additional 994 shares during the last quarter. Finally, Innealta Capital LLC boosted its stake in United States Cellular by 22.9% during the 3rd quarter. Innealta Capital LLC now owns 5,329 shares of the Wireless communications provider’s stock valued at $291,000 after purchasing an additional 994 shares during the period. 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.