United States Cellular (NYSE:USM) Upgraded at 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 Tuesday morning.

Several other research firms also recently weighed in on USM. Raymond James raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Thursday, November 7th. 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 report on Monday, November 4th.

United States Cellular Stock Performance

USM opened at $62.78 on Tuesday. United States Cellular has a 12-month low of $32.01 and a 12-month high of $68.31. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of -174.38 and a beta of 0.48. The business has a 50 day moving average of $62.57 and a 200-day moving average of $58.55. 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 data on Friday, November 1st. The Wireless communications provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $922.00 million for the quarter, compared to analyst estimates of $940.40 million. During the same quarter last year, the company earned $0.26 EPS. The company’s revenue was down 4.3% on a year-over-year basis. On average, equities research analysts expect that United States Cellular will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On United States Cellular

Institutional investors have recently made changes to their positions in the stock. R Squared Ltd bought a new position in shares of United States Cellular in the fourth quarter worth $38,000. Invesco LLC bought a new position in shares of United States Cellular in the fourth quarter worth $219,000. The Manufacturers Life Insurance Company bought a new position in shares of United States Cellular in the second quarter worth $218,000. Ionic Capital Management LLC bought a new position in shares of United States Cellular in the third quarter worth $246,000. Finally, Quest Partners LLC increased its holdings in shares of United States Cellular by 231.1% in the third quarter. Quest Partners LLC now owns 4,675 shares of the Wireless communications provider’s stock worth $255,000 after purchasing an additional 3,263 shares during the period. 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.