United States Cellular (NYSE:USM) Upgraded by StockNews.com to “Hold” Rating

United States Cellular (NYSE:USM) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

USM has been the subject of a number of other reports. Wells Fargo & Company raised their price objective 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. Raymond James raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research report on Thursday, November 7th.

United States Cellular Stock Down 3.1 %

USM opened at $63.53 on Wednesday. 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 $5.46 billion, a price-to-earnings ratio of -176.47 and a beta of 0.47. United States Cellular has a one year low of $32.01 and a one year high of $68.31. The business’s fifty day moving average is $58.12 and its two-hundred day moving average is $53.65.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.13 by $0.13. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The business had revenue of $922.00 million for the quarter, compared to analyst estimates of $940.40 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. Analysts anticipate that United States Cellular will post 0.57 EPS for the current fiscal year.

Institutional Trading of United States Cellular

A number of hedge funds have recently bought and sold shares of the company. TCW Group Inc. lifted its stake in shares of 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 worth $11,850,000 after purchasing an additional 141,713 shares during the period. Gabelli Funds LLC lifted its position in United States Cellular by 1.5% during the first quarter. Gabelli Funds LLC now owns 659,515 shares of the Wireless communications provider’s stock worth $24,072,000 after buying an additional 9,815 shares during the period. Dimensional Fund Advisors LP boosted its stake in United States Cellular by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider’s stock worth $128,349,000 after buying an additional 72,843 shares during the last quarter. Seven Eight Capital LP acquired a new position in shares of United States Cellular during the 2nd quarter valued at about $589,000. Finally, Sei Investments Co. purchased a new position in shares of United States Cellular during the 2nd quarter worth about $543,000. Institutional investors and hedge funds 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.