United States Cellular (NYSE:USM) Shares Cross Above Two Hundred Day Moving Average of $42.15

United States Cellular Co. (NYSE:USMGet Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.15 and traded as high as $57.18. United States Cellular shares last traded at $55.87, with a volume of 225,619 shares changing hands.

Wall Street Analysts Forecast Growth

USM has been the topic of several research reports. Wells Fargo & Company raised United States Cellular from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $38.00 to $75.00 in a report on Thursday, May 30th. JPMorgan Chase & Co. lifted their target price on United States Cellular from $51.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th.

Get Our Latest Report on United States Cellular

United States Cellular Trading Down 0.7 %

The company has a market cap of $4.75 billion, a PE ratio of 83.39 and a beta of 0.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.67 and a quick ratio of 1.46. The company has a 50-day moving average of $49.12 and a 200 day moving average of $42.15.

United States Cellular (NYSE:USMGet Free Report) last released its quarterly earnings results on Friday, May 3rd. The Wireless communications provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.06). The company had revenue of $950.00 million during the quarter, compared to analysts’ expectations of $957.75 million. United States Cellular had a return on equity of 1.30% and a net margin of 1.55%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 EPS. Analysts predict that United States Cellular Co. will post 0.58 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Graham Capital Management L.P. purchased a new position in shares of United States Cellular during the third quarter valued at approximately $228,000. American Century Companies Inc. boosted its position in shares of United States Cellular by 6.3% during the third quarter. American Century Companies Inc. now owns 201,046 shares of the Wireless communications provider’s stock valued at $8,639,000 after buying an additional 11,960 shares during the period. Jackson Square Capital LLC boosted its position in shares of United States Cellular by 43.2% during the fourth quarter. Jackson Square Capital LLC now owns 16,303 shares of the Wireless communications provider’s stock valued at $677,000 after buying an additional 4,917 shares during the period. Mackenzie Financial Corp boosted its position in shares of United States Cellular by 105.2% during the fourth quarter. Mackenzie Financial Corp now owns 26,291 shares of the Wireless communications provider’s stock valued at $1,092,000 after buying an additional 13,478 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of United States Cellular by 32.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,580 shares of the Wireless communications provider’s stock valued at $190,000 after buying an additional 1,117 shares during the period. Hedge funds and other institutional investors own 18.03% of the company’s stock.

About United States Cellular

(Get Free Report)

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.

Further Reading

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