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

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

USM has been the subject of a number of other research reports. Wells Fargo & Company raised 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. Raymond James raised 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.

United States Cellular Stock Performance

Shares of USM opened at $63.61 on Wednesday. The company has a market cap of $5.47 billion, a PE ratio of -176.68 and a beta of 0.48. The firm has a 50-day moving average of $62.68 and a 200-day moving average of $58.76. United States Cellular has a one year low of $32.01 and a one year high of $68.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39.

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

Institutional Investors Weigh In On United States Cellular

A number of large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings in United States Cellular by 6.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider’s stock valued at $227,000 after acquiring an additional 245 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in United States Cellular by 0.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,029 shares of the Wireless communications provider’s stock valued at $1,969,000 after purchasing an additional 264 shares in the last quarter. R Squared Ltd bought a new stake in United States Cellular during the fourth quarter worth about $38,000. Creative Planning lifted its position in United States Cellular by 12.4% during the third quarter. Creative Planning now owns 7,238 shares of the Wireless communications provider’s stock worth $396,000 after purchasing an additional 800 shares during the period. Finally, Innealta Capital LLC grew its stake in United States Cellular by 22.9% during the third quarter. Innealta Capital LLC now owns 5,329 shares of the Wireless communications provider’s stock worth $291,000 after buying an additional 994 shares in the last quarter. Institutional investors and hedge funds 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.