United States Cellular (NYSE:USM) Upgraded at StockNews.com

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

USM has been the topic of several other research reports. Wells Fargo & Company upped their price target on shares of United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, November 4th. 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 research note on Thursday, November 7th.

United States Cellular Stock Down 0.5 %

USM stock opened at $61.62 on Wednesday. The company has a market cap of $5.30 billion, a P/E ratio of -171.16 and a beta of 0.47. United States Cellular has a 52 week low of $32.01 and a 52 week high of $68.31. The company’s 50-day moving average price is $58.36 and its 200 day moving average price is $53.76. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. The firm 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 revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. On average, research analysts expect that United States Cellular will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of United States Cellular

Several large investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of United States Cellular by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,029 shares of the Wireless communications provider’s stock valued at $1,969,000 after buying an additional 264 shares during the period. FMR LLC grew its position in shares of United States Cellular by 3.5% in the 3rd quarter. FMR LLC now owns 247,985 shares of the Wireless communications provider’s stock worth $13,552,000 after acquiring an additional 8,416 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of United States Cellular by 6.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider’s stock worth $227,000 after acquiring an additional 245 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of United States Cellular by 28.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,021 shares of the Wireless communications provider’s stock worth $7,816,000 after acquiring an additional 31,934 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of United States Cellular in the 3rd quarter worth approximately $303,000. 18.03% of the stock is currently owned by institutional investors and hedge funds.

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.