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

United States Cellular (NYSE:USM) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other equities analysts also recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Raymond James upgraded United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a report on Thursday, November 7th.

United States Cellular Trading Down 1.1 %

Shares of NYSE:USM traded down $0.68 during midday trading on Friday, reaching $62.66. The company’s stock had a trading volume of 68,165 shares, compared to its average volume of 69,382. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of -174.05 and a beta of 0.48. The business has a 50 day moving average price of $62.57 and a 200 day moving average price of $57.83. United States Cellular has a 1 year low of $32.01 and a 1 year high of $68.31. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

United States Cellular (NYSE:USM) last posted 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. The company had revenue of $922.00 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS. Research analysts forecast that United States Cellular will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of USM. Invesco LLC acquired a new position in shares of United States Cellular during the second quarter worth about $214,000. The Manufacturers Life Insurance Company purchased a new stake in shares of United States Cellular during the 2nd quarter valued at about $218,000. Johnson Investment Counsel Inc. acquired a new position in United States Cellular during the 2nd quarter worth approximately $234,000. Arizona State Retirement System purchased a new position in United States Cellular in the 2nd quarter worth approximately $245,000. Finally, Ionic Capital Management LLC acquired a new stake in United States Cellular in the third quarter valued at approximately $246,000. Hedge funds and other institutional investors own 18.03% of the company’s stock.

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.