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

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

A number of other research firms have also issued reports on USM. Raymond James raised 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 research report on Thursday, November 7th. Wells Fargo & Company boosted their target price 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.

United States Cellular Trading Down 0.3 %

NYSE USM opened at $60.87 on Friday. United States Cellular has a 12-month low of $32.01 and a 12-month high of $68.31. The company has a fifty day simple moving average of $62.57 and a two-hundred day simple moving average of $58.15. 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 stock has a market cap of $5.23 billion, a P/E ratio of -169.08 and a beta of 0.48.

United States Cellular (NYSE:USM) last posted its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share 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 for the quarter, compared to the consensus estimate of $940.40 million. During the same quarter in the previous year, the business earned $0.26 EPS. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, analysts forecast that United States Cellular will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of USM. The Manufacturers Life Insurance Company increased its holdings in United States Cellular by 6.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider’s stock worth $227,000 after acquiring an additional 245 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in United States Cellular by 0.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,029 shares of the Wireless communications provider’s stock worth $1,969,000 after buying an additional 264 shares during the last quarter. Creative Planning raised its holdings in shares of United States Cellular by 12.4% during the third quarter. Creative Planning now owns 7,238 shares of the Wireless communications provider’s stock valued at $396,000 after acquiring an additional 800 shares during the last quarter. Victory Capital Management Inc. lifted its position 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 in the last quarter. Finally, Innealta Capital LLC lifted its holdings in United States Cellular by 22.9% in the 3rd quarter. Innealta Capital LLC now owns 5,329 shares of the Wireless communications provider’s stock valued at $291,000 after purchasing an additional 994 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.