United States Cellular (NYSE:USM) Share Price Passes Above 200 Day Moving Average - Here's Why

United States Cellular Co. (NYSE:USM - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $59.28 and traded as high as $66.74. United States Cellular shares last traded at $65.06, with a volume of 73,009 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on 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 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 report on Wednesday, January 29th.

United States Cellular Price Performance

The firm has a market capitalization of $5.57 billion, a P/E ratio of -179.86 and a beta of 0.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. The company's 50 day moving average price is $62.73 and its 200 day moving average price is $59.28.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. R Squared Ltd bought a new stake in United States Cellular during the fourth quarter worth $38,000. Amundi boosted its holdings in shares of United States Cellular by 17.6% during the fourth quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock worth $99,000 after acquiring an additional 244 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of United States Cellular by 1,917.3% during the fourth quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider's stock worth $139,000 after purchasing an additional 2,109 shares during the period. Vestcor Inc acquired a new position in shares of United States Cellular in the 4th quarter valued at approximately $187,000. Finally, Invesco LLC acquired a new position in United States Cellular during the fourth quarter worth about $219,000. Institutional investors own 18.03% of the company's stock.

United States Cellular Company Profile

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.