United States Cellular (NYSE:USM) Given New $88.00 Price Target at JPMorgan Chase & Co.

United States Cellular (NYSE:USM - Free Report) had its price target raised by JPMorgan Chase & Co. from $86.00 to $88.00 in a research report released on Monday morning,Benzinga reports. They currently have an overweight rating on the Wireless communications provider's stock.

A number of other equities research analysts have also commented on the stock. Raymond James raised shares of United States Cellular from a "market perform" rating to an "outperform" rating and set a $86.00 price objective on the stock in a research note on Thursday, November 7th. StockNews.com raised shares of United States Cellular from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company increased their price target on United States Cellular from $75.00 to $85.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th.

United States Cellular Stock Performance

NYSE USM traded down $0.43 during trading on Monday, reaching $65.11. The company's stock had a trading volume of 16,630 shares, compared to its average volume of 120,183. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. United States Cellular has a 12 month low of $33.33 and a 12 month high of $69.20. The firm has a 50 day moving average price of $63.67 and a 200 day moving average price of $60.41. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of -180.81 and a beta of 0.47.

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United States Cellular (NYSE:USM - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.15. The company had revenue of $970.00 million for the quarter, compared to analyst estimates of $964.70 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. During the same period in the previous year, the firm posted $0.23 EPS. As a group, equities analysts anticipate that United States Cellular will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On United States Cellular

Several hedge funds have recently bought and sold shares of USM. R Squared Ltd purchased a new position in shares of United States Cellular during the 4th quarter valued at $38,000. Lazard Asset Management LLC boosted its stake in United States Cellular by 1,837.5% during the fourth quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider's stock valued at $58,000 after buying an additional 882 shares during the period. Amundi boosted its stake in United States Cellular by 17.6% during the fourth quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock valued at $99,000 after buying an additional 244 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of United States Cellular by 37.6% during the fourth quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider's stock worth $104,000 after purchasing an additional 453 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in United States Cellular by 1,917.3% in the fourth quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider's stock valued at $139,000 after purchasing an additional 2,109 shares in the last quarter. 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.