United States Cellular (NYSE:USM) Stock Rating Upgraded by StockNews.com

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

Several other equities research analysts have also recently weighed in on USM. Raymond James upgraded United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 target price for the company in a 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 company an “overweight” rating in a research note on Monday, November 4th.

Check Out Our Latest Research Report on USM

United States Cellular Trading Down 0.2 %

Shares of USM opened at $63.66 on Wednesday. United States Cellular has a fifty-two week low of $32.01 and a fifty-two week high of $68.31. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of -176.82 and a beta of 0.48. The firm has a 50 day moving average price of $62.68 and a 200-day moving average price of $58.82. 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:USMGet Free Report) last posted its quarterly earnings results 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. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The business had revenue of $922.00 million during the quarter, compared to the consensus estimate of $940.40 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, equities research analysts forecast that United States Cellular will post 0.57 earnings per share for the current year.

Institutional Trading of United States Cellular

Large investors have recently modified their holdings of the business. R Squared Ltd purchased a new stake in United States Cellular in the 4th quarter worth approximately $38,000. The Manufacturers Life Insurance Company purchased a new stake in United States Cellular in the second quarter worth $218,000. Invesco LLC bought a new stake in United States Cellular in the fourth quarter valued at $219,000. Ionic Capital Management LLC bought a new stake in United States Cellular in the third quarter valued at $246,000. Finally, Quest Partners LLC increased its position in United States Cellular by 231.1% during the 3rd 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. 18.03% of the stock is owned by institutional investors.

About United States Cellular

(Get Free Report)

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.

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