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

United States Cellular (NYSE:USM) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Other research analysts also recently issued reports about the stock. Raymond James raised shares of 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. Wells Fargo & Company raised their price objective 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 Price Performance

United States Cellular stock opened at $63.98 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $62.55 and a 200-day simple moving average of $58.46. The stock has a market cap of $5.50 billion, a P/E ratio of -177.71 and a beta of 0.48. United States Cellular has a 12-month low of $32.01 and a 12-month 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, topping the consensus estimate of $0.13 by $0.13. The business had revenue of $922.00 million for the quarter, compared to analyst estimates 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 business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. Equities analysts expect that United States Cellular will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On United States Cellular

Several hedge funds have recently made changes to their positions in USM. Point72 Asset Management L.P. acquired a new stake in shares of United States Cellular during the second quarter worth $22,394,000. Algert Global LLC increased its stake in United States Cellular by 220.8% in the 2nd quarter. Algert Global LLC now owns 76,726 shares of the Wireless communications provider’s stock valued at $4,283,000 after buying an additional 52,806 shares during the period. Charles Schwab Investment Management Inc. raised its position in United States Cellular by 28.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,021 shares of the Wireless communications provider’s stock worth $7,816,000 after buying an additional 31,934 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of United States Cellular by 34.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider’s stock worth $2,879,000 after acquiring an additional 13,467 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of United States Cellular by 262.8% in the fourth quarter. SG Americas Securities LLC now owns 17,275 shares of the Wireless communications provider’s stock valued at $1,083,000 after acquiring an additional 12,513 shares in the last quarter. Institutional investors and hedge funds 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.