United States Cellular (NYSE:USM) Upgraded by Raymond James to Outperform Rating

Raymond James upgraded shares of United States Cellular (NYSE:USM) from a market perform rating to an outperform rating in a report issued on Thursday, Marketbeat reports. They currently have $86.00 price target on the Wireless communications provider’s stock.

Several other equities analysts have also commented on the stock. StockNews.com lowered shares of United States Cellular from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Wells Fargo & Company lifted their price objective on shares of United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, November 4th.

United States Cellular Trading Down 1.0 %

Shares of NYSE:USM opened at $63.97 on Thursday. The company has a market capitalization of $5.50 billion, a P/E ratio of -177.69 and a beta of 0.47. 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 business’s 50 day simple moving average is $57.79 and its 200 day simple moving average is $53.26. United States Cellular has a 1 year low of $32.01 and a 1 year high of $68.31.

United States Cellular (NYSE:USM) last released its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. The company had revenue of $922.00 million for 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 quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. On average, research analysts anticipate that United States Cellular will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On United States Cellular

Several hedge funds and other institutional investors have recently made changes to their positions in USM. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of United States Cellular during the 3rd quarter valued at $303,000. Quest Partners LLC boosted its stake in shares of United States Cellular by 231.1% during the third quarter. Quest Partners LLC now owns 4,675 shares of the Wireless communications provider’s stock valued at $255,000 after purchasing an additional 3,263 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of United States Cellular by 21.5% during the third quarter. Victory Capital Management Inc. now owns 15,153 shares of the Wireless communications provider’s stock valued at $828,000 after purchasing an additional 2,678 shares in the last quarter. Innealta Capital LLC grew its holdings in shares of United States Cellular by 22.9% during the third quarter. Innealta Capital LLC now owns 5,329 shares of the Wireless communications provider’s stock worth $291,000 after purchasing an additional 994 shares during the last quarter. Finally, Creative Planning increased its stake in shares of United States Cellular by 12.4% in the third quarter. Creative Planning now owns 7,238 shares of the Wireless communications provider’s stock valued at $396,000 after buying an additional 800 shares during the period. 18.03% of the stock is 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.