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

United States Cellular (NYSE:USM) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Separately, Wells Fargo & Company upped their price objective on shares of United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday.

United States Cellular Price Performance

USM opened at $65.15 on Tuesday. The firm’s fifty day moving average price is $57.44 and its two-hundred day moving average price is $52.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of -180.97 and a beta of 0.47. United States Cellular has a 1 year low of $32.01 and a 1 year high of $67.84.

United States Cellular (NYSE:USM) last issued its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. The company had revenue of $922.00 million for the quarter, compared to the consensus estimate of $940.40 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. As a group, analysts anticipate that United States Cellular will post 0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its stake in United States Cellular by 21.5% in the third quarter. Victory Capital Management Inc. now owns 15,153 shares of the Wireless communications provider’s stock worth $828,000 after buying an additional 2,678 shares in the last quarter. Innealta Capital LLC boosted its stake in United States Cellular by 22.9% in the third quarter. Innealta Capital LLC now owns 5,329 shares of the Wireless communications provider’s stock worth $291,000 after buying an additional 994 shares in the last quarter. Creative Planning boosted its stake in shares of United States Cellular by 12.4% during the third quarter. Creative Planning now owns 7,238 shares of the Wireless communications provider’s stock valued at $396,000 after purchasing an additional 800 shares during the period. SG Americas Securities LLC boosted its stake in shares of United States Cellular by 130.3% during the third quarter. SG Americas Securities LLC now owns 4,762 shares of the Wireless communications provider’s stock valued at $260,000 after purchasing an additional 2,694 shares during the period. Finally, Algert Global LLC boosted its stake in shares of United States Cellular by 220.8% during the second quarter. Algert Global LLC now owns 76,726 shares of the Wireless communications provider’s stock valued at $4,283,000 after purchasing an additional 52,806 shares during the period. 18.03% of the stock is currently owned by institutional investors.

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.