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

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

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company lifted their target price on 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 raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a research report on Thursday, November 7th.

United States Cellular Trading Down 0.3 %

Shares of NYSE:USM opened at $60.87 on Friday. The company has a market cap of $5.23 billion, a P/E ratio of -169.08 and a beta of 0.48. The stock’s 50-day moving average is $62.50 and its 200-day moving average is $58.06. 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.

United States Cellular (NYSE:USM) last issued its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13. The company had revenue of $922.00 million for the quarter, compared to the consensus estimate of $940.40 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. Equities research analysts predict that United States Cellular will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On United States Cellular

A number of institutional investors have recently added to or reduced their stakes in USM. Victory Capital Management Inc. raised its stake in shares of United States Cellular by 8.7% in the second quarter. Victory Capital Management Inc. now owns 12,475 shares of the Wireless communications provider’s stock valued at $696,000 after acquiring an additional 994 shares during the last quarter. Arizona State Retirement System bought a new position in shares of United States Cellular in the second quarter valued at approximately $245,000. American Century Companies Inc. raised its stake in shares of United States Cellular by 8.7% in the second quarter. American Century Companies Inc. now owns 327,931 shares of the Wireless communications provider’s stock valued at $18,305,000 after acquiring an additional 26,369 shares during the last quarter. Johnson Investment Counsel Inc. bought a new position in shares of United States Cellular in the second quarter valued at approximately $234,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of United States Cellular by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider’s stock valued at $128,349,000 after acquiring an additional 72,843 shares during the last quarter. 18.03% of the stock is 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.