JPMorgan Chase & Co. Increases United States Cellular (NYSE:USM) Price Target to $88.00

United States Cellular (NYSE:USM) had its price target lifted by analysts at JPMorgan Chase & Co. from $86.00 to $88.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 34.81% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Raymond James raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research report on Thursday, November 7th. Wells Fargo & Company upped their price objective on United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, StockNews.com raised United States Cellular from a “sell” rating to a “hold” rating in a research report on Friday, February 21st.

United States Cellular Trading Up 0.4 %

NYSE:USM opened at $65.28 on Monday. The stock has a 50-day simple moving average of $63.57 and a 200-day simple moving average of $60.37. The stock has a market cap of $5.61 billion, a P/E ratio of -181.31 and a beta of 0.47. United States Cellular has a 1 year low of $32.01 and a 1 year high of $69.20. 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, February 21st. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.15. The business had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $964.70 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. During the same period in the prior year, the firm posted $0.23 EPS. As a group, analysts anticipate that United States Cellular will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of United States Cellular

A number of large investors have recently made changes to their positions in USM. R Squared Ltd acquired a new stake in shares of United States Cellular in the 4th quarter valued at about $38,000. Lazard Asset Management LLC boosted its position in shares of United States Cellular by 1,837.5% in the 4th quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 882 shares during the period. Amundi boosted its position in shares of United States Cellular by 17.6% in the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock valued at $99,000 after purchasing an additional 244 shares during the period. BNP Paribas Financial Markets raised its stake in United States Cellular by 37.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider’s stock valued at $104,000 after acquiring an additional 453 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in United States Cellular by 1,917.3% during the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock valued at $139,000 after acquiring an additional 2,109 shares during the last quarter. 18.03% of the stock is 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.