United States Cellular (NYSE:USM - Free Report) had its target price lifted 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.
Other analysts have also recently issued research reports about the company. Wells Fargo & Company lifted their price target on United States Cellular from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Raymond James upgraded shares of United States Cellular from a "market perform" rating to an "outperform" rating and set a $86.00 target price for the company in a report on Thursday, November 7th. Finally, StockNews.com raised shares of United States Cellular from a "sell" rating to a "hold" rating in a research note on Friday, February 21st.
Check Out Our Latest Analysis on USM
United States Cellular Price Performance
United States Cellular stock traded up $0.70 during mid-day trading on Monday, hitting $65.71. 112,835 shares of the company were exchanged, compared to its average volume of 121,636. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. United States Cellular has a 12-month low of $33.38 and a 12-month high of $69.20. The business's 50 day simple moving average is $63.75 and its two-hundred day simple moving average is $60.44. The company has a market capitalization of $5.65 billion, a P/E ratio of -182.52 and a beta of 0.47.
United States Cellular (NYSE:USM - Get Free Report) last announced its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.15. 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 $970.00 million for the quarter, compared to analyst estimates of $964.70 million. During the same quarter last year, the business earned $0.23 earnings per share. Analysts forecast that United States Cellular will post 0.57 earnings per share for the current fiscal year.
Institutional Trading of United States Cellular
A number of institutional investors have recently modified their holdings of the company. R Squared Ltd acquired a new position in United States Cellular during the fourth quarter valued at approximately $38,000. Lazard Asset Management LLC lifted its holdings in shares of United States Cellular by 1,837.5% during the 4th quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider's stock valued at $58,000 after acquiring an additional 882 shares in the last quarter. Amundi boosted its position in United States Cellular by 17.6% during the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock worth $99,000 after purchasing an additional 244 shares during the period. BNP Paribas Financial Markets increased its holdings in United States Cellular by 37.6% in the 4th quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider's stock valued at $104,000 after purchasing an additional 453 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position 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 during the period. Hedge funds and other institutional investors own 18.03% of the company's stock.
United States Cellular Company Profile
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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.
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