United States Cellular (NYSE:USM) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

United States Cellular Co. (NYSE:USM - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $57.43 and traded as high as $63.82. United States Cellular shares last traded at $63.71, with a volume of 66,377 shares.

Analyst Upgrades and Downgrades

USM has been the subject of a number of recent analyst reports. Raymond James raised shares of United States Cellular from a "market perform" rating to an "outperform" rating and set a $86.00 target price for the company in a research report on Thursday, November 7th. StockNews.com upgraded shares of United States Cellular from a "sell" rating to a "hold" rating in a research report on Wednesday, November 13th. 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 note on Monday, November 4th.

United States Cellular Stock Performance

The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of -176.97 and a beta of 0.48. The company has a 50 day simple moving average of $62.35 and a 200-day simple moving average of $57.49. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

United States Cellular (NYSE:USM - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.13. The company had revenue of $922.00 million during the quarter, compared to analyst estimates 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 for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS. As a group, equities research analysts expect that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On United States Cellular

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in United States Cellular by 34.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider's stock worth $2,879,000 after buying an additional 13,467 shares during the period. Barclays PLC increased its holdings in shares of United States Cellular by 10.8% during the third quarter. Barclays PLC now owns 24,636 shares of the Wireless communications provider's stock valued at $1,345,000 after acquiring an additional 2,405 shares in the last quarter. Geode Capital Management LLC raised its position in shares of United States Cellular by 4.7% during the third quarter. Geode Capital Management LLC now owns 166,181 shares of the Wireless communications provider's stock worth $9,085,000 after purchasing an additional 7,449 shares during the period. XTX Topco Ltd bought a new position in shares of United States Cellular in the 3rd quarter worth $444,000. Finally, State Street Corp grew its position in United States Cellular by 13.0% in the 3rd quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider's stock valued at $5,812,000 after purchasing an additional 12,219 shares during the period. 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.