United States Cellular (NYSE:USM) Share Price Passes Above 200-Day Moving Average - Should You Sell?

United States Cellular Co. (NYSE:USM - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $58.06 and traded as high as $61.00. United States Cellular shares last traded at $60.87, with a volume of 118,384 shares.

Analysts Set New Price Targets

USM has been the topic of several recent analyst reports. 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. StockNews.com raised United States Cellular from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Wells Fargo & Company lifted 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, November 4th.

United States Cellular Trading Down 0.3 %

The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57. The company has a market cap of $5.23 billion, a price-to-earnings ratio of -169.08 and a beta of 0.48. The firm has a fifty day moving average price of $62.57 and a 200 day moving average price of $58.15.

United States Cellular (NYSE:USM - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $922.00 million for the quarter, compared to the consensus estimate of $940.40 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. United States Cellular's revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 earnings per share. As a group, equities analysts predict that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in United States Cellular by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider's stock worth $128,349,000 after purchasing an additional 72,843 shares during the period. Gabelli Funds LLC boosted its holdings in United States Cellular by 3.2% in the second quarter. Gabelli Funds LLC now owns 680,300 shares of the Wireless communications provider's stock worth $37,974,000 after acquiring an additional 20,785 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in United States Cellular in the second quarter valued at approximately $22,394,000. American Century Companies Inc. increased its holdings in shares of United States Cellular by 8.7% during the second quarter. American Century Companies Inc. now owns 327,931 shares of the Wireless communications provider's stock valued at $18,305,000 after acquiring an additional 26,369 shares in the last quarter. Finally, FMR LLC raised its position in shares of United States Cellular by 3.5% during the third quarter. FMR LLC now owns 247,985 shares of the Wireless communications provider's stock worth $13,552,000 after purchasing an additional 8,416 shares during the period. 18.03% of the stock is owned by institutional investors and hedge funds.

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.