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

United States Cellular (NYSE:USM - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Thursday.

Several other analysts have also commented on the company. Raymond James raised United States Cellular from a "market perform" rating to an "outperform" rating and set a $86.00 target price on the stock in a report on Thursday, November 7th. Wells Fargo & Company raised 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 note on Monday, November 4th.

United States Cellular Stock Performance

Shares of NYSE:USM traded up $1.74 during midday trading on Thursday, reaching $67.61. The company's stock had a trading volume of 86,335 shares, compared to its average volume of 108,373. The firm has a market capitalization of $5.81 billion, a PE ratio of -187.80 and a beta of 0.47. The stock has a fifty day moving average of $62.92 and a 200 day moving average of $59.65. United States Cellular has a twelve month low of $32.01 and a twelve month high of $68.31. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

Hedge Funds Weigh In On United States Cellular

A number of hedge funds have recently bought and sold shares of USM. Amundi raised its holdings in United States Cellular by 17.6% in the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock valued at $99,000 after acquiring an additional 244 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of United States Cellular by 6.3% in the third quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider's stock valued at $227,000 after purchasing an additional 245 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of United States Cellular by 0.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,029 shares of the Wireless communications provider's stock valued at $1,969,000 after purchasing an additional 264 shares in the last quarter. Swiss National Bank increased its holdings in shares of United States Cellular by 1.3% in the fourth quarter. Swiss National Bank now owns 31,300 shares of the Wireless communications provider's stock valued at $1,963,000 after purchasing an additional 400 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in 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 buying an additional 453 shares in the last quarter. Hedge funds and other institutional investors own 18.03% of the company's stock.

About United States Cellular

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.