United States Cellular (NYSE:USM) Upgraded to Hold at StockNews.com

United States Cellular (NYSE:USM - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a report issued on Saturday.

Other analysts have also recently issued reports about the stock. Raymond James raised shares of United States Cellular from a "market perform" rating to an "outperform" rating and set a $86.00 price objective for the company in a research note on Thursday, November 7th. Wells Fargo & Company increased their price target on 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

NYSE USM traded down $0.18 on Friday, hitting $60.87. 118,384 shares of the company traded hands, compared to its average volume of 103,931. The business's 50 day moving average price is $62.57 and its 200-day moving average price is $58.15. United States Cellular has a 52-week low of $32.01 and a 52-week high of $68.31. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of -169.08 and a beta of 0.48.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.13. The firm had revenue of $922.00 million for the quarter, compared to analysts' expectations of $940.40 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The business's quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. Equities analysts expect that United States Cellular will post 0.57 earnings per share for the current year.

Hedge Funds Weigh In On United States Cellular

Several hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company purchased a new position in United States Cellular during the 2nd quarter valued at approximately $218,000. Johnson Investment Counsel Inc. bought a new stake in United States Cellular in the second quarter worth $234,000. Arizona State Retirement System purchased a new stake in United States Cellular during the second quarter valued at $245,000. Ionic Capital Management LLC bought a new position in United States Cellular during the third quarter valued at $246,000. Finally, Quest Partners LLC grew its stake in shares of United States Cellular by 231.1% in the 3rd quarter. Quest Partners LLC now owns 4,675 shares of the Wireless communications provider's stock worth $255,000 after buying an additional 3,263 shares in the last quarter. Hedge funds and other institutional investors own 18.03% of the company's stock.

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.