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

StockNews.com downgraded shares of United States Cellular (NYSE:USM) from a hold rating to a sell rating in a report published on Thursday morning.

Several other equities analysts also recently commented on USM. Raymond James upgraded United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price target on United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, November 4th.

United States Cellular Trading Up 0.2 %

USM opened at $65.81 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57. The firm’s fifty day moving average is $62.81 and its 200 day moving average is $59.42. United States Cellular has a fifty-two week low of $32.01 and a fifty-two week high of $68.31.

Institutional Trading of United States Cellular

Several hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company bought a new stake in shares of United States Cellular in the second quarter worth about $218,000. SG Americas Securities LLC grew its holdings in United States Cellular by 130.3% during the 3rd quarter. SG Americas Securities LLC now owns 4,762 shares of the Wireless communications provider’s stock valued at $260,000 after buying an additional 2,694 shares in the last quarter. Creative Planning increased its stake in United States Cellular by 12.4% in the 3rd quarter. Creative Planning now owns 7,238 shares of the Wireless communications provider’s stock worth $396,000 after acquiring an additional 800 shares during the last quarter. Innealta Capital LLC raised its holdings in shares of United States Cellular by 22.9% during the 3rd quarter. Innealta Capital LLC now owns 5,329 shares of the Wireless communications provider’s stock worth $291,000 after acquiring an additional 994 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of United States Cellular by 21.5% during the 3rd quarter. Victory Capital Management Inc. now owns 15,153 shares of the Wireless communications provider’s stock valued at $828,000 after acquiring an additional 2,678 shares during the last quarter. 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.