United States Cellular (NYSE:USM) Stock Rating Upgraded by Raymond James

United States Cellular (NYSE:USM - Get Free Report) was upgraded by research analysts at Raymond James from a "market perform" rating to an "outperform" rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a $86.00 target price on the Wireless communications provider's stock. Raymond James' price target indicates a potential upside of 33.10% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company raised their target price on shares of United States Cellular from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday. StockNews.com downgraded shares of United States Cellular from a "hold" rating to a "sell" rating in a research note on Tuesday.

United States Cellular Trading Down 0.8 %

Shares of USM stock traded down $0.54 during mid-day trading on Thursday, reaching $64.62. The stock had a trading volume of 288,540 shares, compared to its average volume of 238,449. The firm has a market capitalization of $5.56 billion, a PE ratio of -179.48 and a beta of 0.47. The stock's 50-day moving average price is $57.63 and its two-hundred day moving average price is $52.82. 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 52-week low of $32.01 and a 52-week high of $68.31.

United States Cellular (NYSE:USM - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $922.00 million for the quarter, compared to the consensus estimate of $940.40 million. During the same quarter in the previous year, the business earned $0.26 EPS. United States Cellular's revenue was down 4.3% compared to the same quarter last year. Equities analysts expect that United States Cellular will post 0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Point72 Asset Management L.P. bought a new stake in United States Cellular in the second quarter worth $22,394,000. Jericho Capital Asset Management L.P. boosted its stake in United States Cellular by 13.1% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 1,592,792 shares of the Wireless communications provider's stock worth $58,137,000 after purchasing an additional 184,000 shares in the last quarter. TCW Group Inc. grew its position in United States Cellular by 200.8% during the 2nd quarter. TCW Group Inc. now owns 212,294 shares of the Wireless communications provider's stock valued at $11,850,000 after purchasing an additional 141,713 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in United States Cellular by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider's stock valued at $128,349,000 after purchasing an additional 72,843 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in United States Cellular by 22.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 360,000 shares of the Wireless communications provider's stock worth $13,140,000 after buying an additional 65,000 shares during the last quarter. 18.03% of the stock is owned by hedge funds and other institutional investors.

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.