United States Cellular (NYSE:USM - Free Report) had its price target hoisted by Wells Fargo & Company from $75.00 to $85.00 in a report published on Monday, Benzinga reports. They currently have an overweight rating on the Wireless communications provider's stock.
United States Cellular Stock Up 2.8 %
Shares of NYSE:USM traded up $1.61 during trading on Monday, hitting $59.10. 226,696 shares of the company were exchanged, compared to its average volume of 237,016. The stock has a market capitalization of $5.08 billion, a P/E ratio of -159.69 and a beta of 0.47. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.55 and a quick ratio of 1.39. United States Cellular has a 12-month low of $32.01 and a 12-month high of $67.84. The firm's 50 day moving average price is $57.11 and its 200-day moving average price is $52.31.
United States Cellular (NYSE:USM - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. The business had revenue of $922.00 million during the quarter, compared to the consensus estimate of $940.40 million. United States Cellular had a net margin of 1.88% and a return on equity of 1.55%. The company's revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 EPS. On average, research analysts predict that United States Cellular will post 0.61 earnings per share for the current fiscal year.
Institutional Trading of United States Cellular
Institutional investors and hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC purchased a new stake in United States Cellular in the 2nd quarter valued at $28,000. SG Americas Securities LLC purchased a new position in United States Cellular during the 2nd quarter worth $115,000. Bailard Inc. purchased a new position in United States Cellular during the 2nd quarter worth $207,000. Invesco LLC purchased a new position in 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.
About United States Cellular
(
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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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