StockNews.com upgraded shares of United States Cellular (NYSE:USM - Free Report) from a sell rating to a hold rating in a research note released on Wednesday morning.
Several other analysts have also recently issued reports on USM. Wells Fargo & Company upped their price objective on shares of United States Cellular from $75.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Raymond James raised United States Cellular from a "market perform" rating to an "outperform" rating and set a $86.00 price target for the company in a report on Thursday, November 7th.
View Our Latest Research Report on United States Cellular
United States Cellular Price Performance
NYSE:USM traded down $1.49 during trading hours on Wednesday, hitting $61.94. 134,066 shares of the stock were exchanged, compared to its average volume of 237,574. The firm's fifty day moving average price is $58.12 and its 200 day moving average price is $53.65. United States Cellular has a 52-week low of $32.01 and a 52-week high of $68.31. 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 (NYSE:USM - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.13 by $0.13. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The firm had revenue of $922.00 million during the quarter, compared to the consensus estimate of $940.40 million. During the same period in the prior year, the company earned $0.26 EPS. The firm's revenue was down 4.3% compared to the same quarter last year. On average, equities analysts expect that United States Cellular will post 0.57 EPS for the current year.
Hedge Funds Weigh In On United States Cellular
Institutional investors have recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in shares of United States Cellular during the 2nd quarter worth approximately $28,000. SG Americas Securities LLC acquired a new stake in United States Cellular during the second quarter worth $115,000. Bailard Inc. purchased a new stake in United States Cellular in the second quarter valued at $207,000. Invesco LLC acquired a new position in shares of United States Cellular in the 2nd quarter valued at $214,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in United States Cellular in the 2nd quarter valued at about $218,000. 18.03% of the stock is owned by hedge funds and other institutional investors.
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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