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

United States Cellular Co. (NYSE:USM)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

USM has been the topic of a number of research reports. Raymond James upgraded 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 note on Thursday, November 7th. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Wells Fargo & Company upped their price target on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, November 4th.

United States Cellular Stock Performance

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

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 for the quarter, topping the consensus estimate of $0.13 by $0.13. The company had revenue of $922.00 million for the quarter, compared to analysts’ expectations of $940.40 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. United States Cellular’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 earnings per share. Equities analysts anticipate that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of United States Cellular

Several hedge funds and other institutional investors have recently bought and sold shares of USM. The Manufacturers Life Insurance Company purchased a new stake in United States Cellular in the second quarter worth approximately $218,000. Johnson Investment Counsel Inc. purchased a new stake in shares of United States Cellular during the second quarter valued at approximately $234,000. Arizona State Retirement System purchased a new stake in shares of United States Cellular during the second quarter valued at approximately $245,000. Ionic Capital Management LLC purchased a new stake in shares of United States Cellular during the third quarter valued at approximately $246,000. Finally, Quest Partners LLC boosted its stake in shares of 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 purchasing an additional 3,263 shares during the period. Hedge funds and other institutional investors own 18.03% of the company’s stock.

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.