United States Cellular (NYSE:USM) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of United States Cellular (NYSE:USM) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Other research analysts also recently issued reports about the stock. Raymond James raised shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price objective 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 Price Performance

NYSE USM opened at $62.66 on Friday. United States Cellular has a 1 year low of $32.01 and a 1 year high of $68.31. The business’s fifty day moving average is $62.57 and its two-hundred day moving average is $57.83. The stock has a market capitalization of $5.39 billion, a P/E ratio of -174.05 and a beta of 0.48. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 earnings per share. On average, research analysts forecast that United States Cellular will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of United States Cellular

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its stake in shares of United States Cellular by 8.7% in the second quarter. Victory Capital Management Inc. now owns 12,475 shares of the Wireless communications provider’s stock worth $696,000 after acquiring an additional 994 shares during the last quarter. Arizona State Retirement System acquired a new stake in shares of United States Cellular during the 2nd quarter valued at about $245,000. Invesco LLC bought a new stake in shares of United States Cellular in the 2nd quarter valued at approximately $214,000. American Century Companies Inc. increased its holdings in United States Cellular by 8.7% in the second quarter. American Century Companies Inc. now owns 327,931 shares of the Wireless communications provider’s stock worth $18,305,000 after buying an additional 26,369 shares during the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new stake in United States Cellular in the second quarter valued at approximately $234,000. 18.03% of the stock is owned by hedge funds and other 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.