United States Cellular (NYSE:USM) Rating Lowered to “Sell” at StockNews.com

StockNews.com cut shares of United States Cellular (NYSE:USM) from a hold rating to a sell rating in a research note released on Friday morning.

A number of other equities research analysts have also recently issued reports on USM. Raymond James upgraded shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Thursday, November 7th. Wells Fargo & Company upped 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 Stock Performance

Shares of NYSE USM opened at $62.66 on Friday. The business’s 50-day simple moving average is $62.57 and its 200-day simple moving average is $57.83. United States Cellular has a 52 week low of $32.01 and a 52 week high of $68.31. 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 has a market cap of $5.39 billion, a price-to-earnings ratio of -174.05 and a beta of 0.48.

United States Cellular (NYSE:USM) last announced its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 EPS for the quarter, beating the consensus estimate 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 company had revenue of $922.00 million for the quarter, compared to the consensus estimate of $940.40 million. During the same quarter last year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, equities research analysts expect that United States Cellular will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United States Cellular

A number of institutional investors have recently added to or reduced their stakes in USM. Invesco LLC bought a new stake in shares of United States Cellular in the 2nd quarter worth approximately $214,000. The Manufacturers Life Insurance Company acquired a new position in shares of United States Cellular in the second quarter valued at $218,000. Johnson Investment Counsel Inc. bought a new position in United States Cellular in the second quarter worth $234,000. Arizona State Retirement System bought a new stake in United States Cellular in the 2nd quarter valued at $245,000. Finally, Ionic Capital Management LLC bought a new stake in United States Cellular in the 3rd quarter valued at $246,000. 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.