United States Cellular (NYSE:USM) Raised to “Hold” at StockNews.com

United States Cellular (NYSE:USM) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Several other analysts also recently commented on USM. Wells Fargo & Company upped their price objective on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Raymond James upgraded United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research note on Thursday, November 7th.

United States Cellular Price Performance

USM stock opened at $63.53 on Wednesday. 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 company has a market capitalization of $5.46 billion, a P/E ratio of -176.47 and a beta of 0.47. The business has a 50 day simple moving average of $58.12 and a 200-day simple moving average of $53.65. United States Cellular has a twelve month low of $32.01 and a twelve month high of $68.31.

United States Cellular (NYSE:USM) last issued its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The firm had revenue of $922.00 million during the quarter, compared to analysts’ expectations of $940.40 million. During the same quarter in the prior year, the business earned $0.26 EPS. United States Cellular’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that United States Cellular will post 0.57 EPS for the current year.

Institutional Investors Weigh In On United States Cellular

Institutional investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new stake in shares of United States Cellular in the 2nd quarter valued at approximately $28,000. SG Americas Securities LLC purchased a new position in United States Cellular in the second quarter worth $115,000. Bailard Inc. purchased a new stake in shares of United States Cellular during the 2nd quarter worth $207,000. Invesco LLC purchased a new stake in shares of United States Cellular during the 2nd quarter worth $214,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of United States Cellular during the 2nd quarter worth $218,000. Hedge funds and other institutional investors own 18.03% of the company’s stock.

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.