United States Cellular (NYSE:USM) Shares Cross Above 200 Day Moving Average of $22.35

Shares of United States Cellular Co. (NYSE:USM) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $22.35 and traded as high as $46.61. United States Cellular shares last traded at $45.39, with a volume of 573,029 shares traded.

Analysts Set New Price Targets

USM has been the subject of several analyst reports. StockNews.com initiated coverage on United States Cellular in a research report on Thursday, August 17th. They set a “hold” rating for the company. JPMorgan Chase & Co. upgraded United States Cellular from a “neutral” rating to an “overweight” rating and set a $52.00 price objective on the stock in a report on Tuesday, August 8th. Wells Fargo & Company upgraded United States Cellular from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $16.00 to $38.00 in a report on Tuesday, August 8th. Morgan Stanley boosted their target price on United States Cellular from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 25th. Finally, Citigroup boosted their price target on United States Cellular from $29.00 to $53.00 in a research report on Friday, August 18th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, United States Cellular currently has an average rating of “Hold” and a consensus target price of $42.50.

United States Cellular Trading Down 1.2 %

The business has a fifty day simple moving average of $28.19 and a 200 day simple moving average of $22.35. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of -162.10 and a beta of 0.49. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.28 and a current ratio of 1.49.

United States Cellular (NYSE:USM) last announced its quarterly earnings data on Friday, August 4th. The Wireless communications provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.15). United States Cellular had a negative return on equity of 0.48% and a negative net margin of 0.54%. The business had revenue of $957.00 million for the quarter, compared to the consensus estimate of $993.09 million. During the same quarter in the prior year, the company earned $0.25 earnings per share. United States Cellular’s quarterly revenue was down 6.8% compared to the same quarter last year. As a group, research analysts expect that United States Cellular Co. will post 0.27 EPS for the current year.

Hedge Funds Weigh In On United States Cellular

Large investors have recently bought and sold shares of the company. Swiss National Bank grew its stake in United States Cellular by 7.5% during the first quarter. Swiss National Bank now owns 31,500 shares of the Wireless communications provider’s stock worth $952,000 after purchasing an additional 2,200 shares during the period. American Century Companies Inc. lifted its holdings in United States Cellular by 26.2% during the first quarter. American Century Companies Inc. now owns 66,307 shares of the Wireless communications provider’s stock worth $2,004,000 after acquiring an additional 13,757 shares during the period. HighTower Advisors LLC lifted its holdings in United States Cellular by 61.6% during the first quarter. HighTower Advisors LLC now owns 10,615 shares of the Wireless communications provider’s stock worth $321,000 after acquiring an additional 4,048 shares during the period. MetLife Investment Management LLC increased its position in United States Cellular by 58.5% in the first quarter. MetLife Investment Management LLC now owns 8,957 shares of the Wireless communications provider’s stock worth $271,000 after buying an additional 3,306 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in United States Cellular by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,897,981 shares of the Wireless communications provider’s stock worth $57,376,000 after buying an additional 27,697 shares during the last quarter. 16.76% of the stock is currently owned by institutional investors.

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 various essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.