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 note released on Wednesday morning.

USM has been the topic of a number of other reports. 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 research report on Thursday, November 7th. Wells Fargo & Company upped 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 report on Monday, November 4th.

United States Cellular Stock Performance

Shares of NYSE USM opened at $62.85 on Wednesday. United States Cellular has a 12-month low of $32.01 and a 12-month high of $68.31. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of -174.58 and a beta of 0.48. 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 firm has a 50 day moving average of $62.64 and a 200 day moving average of $58.86.

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 the consensus estimate of $0.13 by $0.13. The firm had revenue of $922.00 million during the quarter, compared to analyst estimates of $940.40 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. United States Cellular’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 EPS. On average, research analysts anticipate that United States Cellular will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp boosted its position in shares of United States Cellular by 13.0% during the third quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider’s stock worth $5,812,000 after acquiring an additional 12,219 shares during the last quarter. Barclays PLC lifted its stake in United States Cellular by 10.8% in the 3rd quarter. Barclays PLC now owns 24,636 shares of the Wireless communications provider’s stock worth $1,345,000 after purchasing an additional 2,405 shares in the last quarter. Mariner Investment Group LLC bought a new position in shares of United States Cellular during the 4th quarter valued at about $1,944,000. JPMorgan Chase & Co. grew its position in shares of United States Cellular by 34.3% during the third quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider’s stock valued at $2,879,000 after purchasing an additional 13,467 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of United States Cellular by 4.7% in the third quarter. Geode Capital Management LLC now owns 166,181 shares of the Wireless communications provider’s stock worth $9,085,000 after purchasing an additional 7,449 shares during the last quarter. 18.03% of the stock is currently owned by institutional investors.

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.