United States Cellular (NYSE:USM) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of United States Cellular (NYSE:USM) from a sell rating to a hold rating in a research report released on Wednesday.

USM has been the topic of a number of other research reports. Wells Fargo & Company boosted 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 report on Monday, November 4th. Raymond James upgraded shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Thursday, November 7th.

United States Cellular Stock Down 1.1 %

Shares of NYSE USM opened at $62.85 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. United States Cellular has a 12-month low of $32.01 and a 12-month high of $68.31. The firm’s 50-day moving average price is $62.64 and its 200-day moving average price is $58.86. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of -174.58 and a beta of 0.48.

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 (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 business had revenue of $922.00 million during the quarter, compared to analyst estimates of $940.40 million. During the same period last year, the company earned $0.26 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities research analysts anticipate that United States Cellular will post 0.57 EPS for the current fiscal year.

Institutional Trading of United States Cellular

Several institutional investors and hedge funds have recently made changes to their positions in USM. R Squared Ltd bought a new stake in United States Cellular during the 4th quarter valued at about $38,000. Venturi Wealth Management LLC increased its position in shares of United States Cellular by 1,917.3% during the fourth quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock worth $139,000 after acquiring an additional 2,109 shares during the period. The Manufacturers Life Insurance Company bought a new position in United States Cellular in the second quarter worth approximately $218,000. Invesco LLC purchased a new position in United States Cellular during the 4th quarter worth $219,000. Finally, Ionic Capital Management LLC bought a new stake in United States Cellular during the 3rd quarter valued at $246,000. 18.03% of the stock is currently owned by institutional investors.

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.