United States Cellular (NYSE:USM) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of United States Cellular Co. (NYSE:USM) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $61.23 and traded as high as $65.23. United States Cellular shares last traded at $63.49, with a volume of 127,922 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have issued reports on USM. JPMorgan Chase & Co. boosted their price target on United States Cellular from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. StockNews.com raised United States Cellular from a “sell” rating to a “hold” rating in a research report on Friday, February 21st.

United States Cellular Price Performance

The company has a 50-day moving average price of $64.07 and a two-hundred day moving average price of $61.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. The company has a market cap of $5.54 billion, a PE ratio of -181.15 and a beta of 0.46.

United States Cellular (NYSE:USM) last issued its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.15. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The company had revenue of $970.00 million during the quarter, compared to the consensus estimate of $964.70 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. Sell-side analysts expect that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. R Squared Ltd acquired a new position in shares of United States Cellular in the fourth quarter worth about $38,000. Lazard Asset Management LLC lifted its stake in shares of United States Cellular by 1,837.5% in the fourth quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider’s stock worth $58,000 after acquiring an additional 882 shares in the last quarter. Amundi lifted its stake in shares of United States Cellular by 17.6% in the fourth quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock worth $99,000 after acquiring an additional 244 shares in the last quarter. BNP Paribas Financial Markets raised its stake in United States Cellular by 37.6% during the fourth quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider’s stock valued at $104,000 after buying an additional 453 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in 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 valued at $139,000 after buying an additional 2,109 shares in the last quarter. Institutional investors and hedge funds 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.