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

StockNews.com upgraded shares of United States Cellular (NYSE:USM) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

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

United States Cellular Price Performance

USM stock opened at $61.54 on Wednesday. The business’s 50-day moving average is $58.49 and its two-hundred day moving average is $54.06. 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 firm has a market capitalization of $5.29 billion, a P/E ratio of -170.94 and a beta of 0.47. United States Cellular has a 1 year low of $32.01 and a 1 year high of $68.31.

United States Cellular (NYSE:USM) last issued its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, beating 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 firm had revenue of $922.00 million for the quarter, compared to analysts’ expectations of $940.40 million. During the same quarter last year, the company earned $0.26 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year. Analysts anticipate that United States Cellular will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of United States Cellular

Institutional investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL raised its stake in United States Cellular by 3.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,480,017 shares of the Wireless communications provider’s stock worth $54,021,000 after acquiring an additional 47,267 shares in the last quarter. Gabelli Funds LLC increased its position in shares of United States Cellular by 1.5% during the first quarter. Gabelli Funds LLC now owns 659,515 shares of the Wireless communications provider’s stock worth $24,072,000 after purchasing an additional 9,815 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of United States Cellular in the 1st quarter valued at about $264,000. Jericho Capital Asset Management L.P. boosted its position in shares of United States Cellular by 13.1% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 1,592,792 shares of the Wireless communications provider’s stock valued at $58,137,000 after purchasing an additional 184,000 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of United States Cellular in the 2nd quarter valued at about $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.