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

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

Other analysts have also recently issued reports about the company. Raymond James upgraded United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Thursday, November 7th. 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 research note on Monday, November 4th.

United States Cellular Trading Down 0.3 %

Shares of NYSE USM opened at $60.87 on Friday. The stock has a market cap of $5.23 billion, a P/E ratio of -169.08 and a beta of 0.48. The firm has a 50 day moving average price of $62.57 and a two-hundred day moving average price of $58.15. 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 has a 52-week low of $32.01 and a 52-week high of $68.31.

United States Cellular (NYSE:USM) last posted its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The business had revenue of $922.00 million during the quarter, compared to the consensus estimate of $940.40 million. During the same period in the prior year, the business posted $0.26 earnings per share. United States Cellular’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, equities analysts forecast that United States Cellular will post 0.57 EPS for the current year.

Hedge Funds Weigh In On United States Cellular

Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company acquired a new position in shares of United States Cellular during the 2nd quarter valued at $218,000. Johnson Investment Counsel Inc. acquired a new position in shares of United States Cellular during the second quarter valued at about $234,000. Arizona State Retirement System bought a new position in shares of United States Cellular during the 2nd quarter worth about $245,000. Ionic Capital Management LLC acquired a new stake in shares of United States Cellular in the 3rd quarter valued at about $246,000. Finally, Quest Partners LLC increased its position in United States Cellular by 231.1% in the 3rd quarter. Quest Partners LLC now owns 4,675 shares of the Wireless communications provider’s stock valued at $255,000 after buying an additional 3,263 shares in 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.