United States Cellular (NYSE:USM) Share Price Passes Above 200-Day Moving Average of $45.87

United States Cellular Co. (NYSE:USM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $45.87 and traded as high as $56.29. United States Cellular shares last traded at $54.79, with a volume of 124,538 shares changing hands.

Analysts Set New Price Targets

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

United States Cellular Price Performance

The stock has a 50-day moving average of $54.42 and a two-hundred day moving average of $45.87. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 81.78 and a beta of 0.48. The company has a current ratio of 1.55, a quick ratio of 1.39 and a debt-to-equity ratio of 0.62.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. United States Cellular had a net margin of 1.88% and a return on equity of 1.55%. The company had revenue of $927.00 million during the quarter, compared to analysts’ expectations of $924.96 million. During the same period last year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts anticipate that United States Cellular Co. will post 0.46 EPS for the current year.

Insider Buying and Selling

In other news, EVP Kevin R. Lowell sold 37,597 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $49.34, for a total value of $1,855,035.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On United States Cellular

Institutional investors and hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC acquired a new stake in shares of United States Cellular during the second quarter worth approximately $28,000. Trexquant Investment LP lifted its position in United States Cellular by 7.2% in the 4th quarter. Trexquant Investment LP now owns 12,598 shares of the Wireless communications provider’s stock worth $523,000 after buying an additional 850 shares in the last quarter. Victory Capital Management Inc. boosted its stake 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 valued at $696,000 after buying an additional 994 shares during the period. Quest Partners LLC purchased a new position in shares of United States Cellular during the 4th quarter valued at $43,000. Finally, SG Americas Securities LLC acquired a new position in shares of United States Cellular in the second quarter worth $115,000. 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.