United States Cellular’s (USM) “Outperform” Rating Reaffirmed at Raymond James

Raymond James reaffirmed their outperform rating on shares of United States Cellular (NYSE:USM) in a report published on Monday morning,Benzinga reports. They currently have a $78.00 price objective on the Wireless communications provider’s stock, down from their prior price objective of $83.00.

Other equities research analysts have also issued reports about the company. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. boosted their price objective on shares of United States Cellular from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, February 24th.

United States Cellular Stock Down 7.2 %

Shares of United States Cellular stock opened at $58.50 on Monday. 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 has a 52-week low of $34.00 and a 52-week high of $70.79. The company’s 50 day moving average price is $66.27 and its 200-day moving average price is $64.18. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of -162.50 and a beta of 0.39.

United States Cellular (NYSE:USM) last announced its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.16). The firm had revenue of $891.00 million during the quarter, compared to the consensus estimate of $924.90 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. Equities research analysts forecast that United States Cellular will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USM. Allianz Asset Management GmbH grew its stake in shares of United States Cellular by 25.9% in the first quarter. Allianz Asset Management GmbH now owns 4,490 shares of the Wireless communications provider’s stock worth $310,000 after acquiring an additional 924 shares during the last quarter. Mariner Investment Group LLC increased its stake in United States Cellular by 12.9% during the 1st quarter. Mariner Investment Group LLC now owns 35,005 shares of the Wireless communications provider’s stock valued at $2,421,000 after purchasing an additional 4,005 shares in the last quarter. Victory Capital Management Inc. increased its stake in United States Cellular by 222.8% during the 1st quarter. Victory Capital Management Inc. now owns 55,675 shares of the Wireless communications provider’s stock valued at $3,850,000 after purchasing an additional 38,428 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of United States Cellular in the first quarter worth approximately $195,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of United States Cellular during the first quarter valued at approximately $235,000. 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.