By otakuyassine3@gmail.com 
United States Cellular Co. (NYSE:USM – Get Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.
Analysts Set New Price Targets
A number of equities analysts have weighed in on 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 report on Thursday, November 7th. Wells Fargo & Company raised their price objective on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, StockNews.com raised United States Cellular from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.
Check Out Our Latest Analysis on USM
United States Cellular Stock Up 0.3 %
The firm has a market cap of $5.48 billion, a P/E ratio of -176.97 and a beta of 0.48. The firm’s 50-day moving average price is $62.35 and its 200 day moving average price is $57.52. 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 – Get Free Report) last released its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $922.00 million for the quarter, compared to the consensus estimate of $940.40 million. During the same quarter last year, the business posted $0.26 EPS. United States Cellular’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts expect that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.
Institutional Trading of United States Cellular
A number of institutional investors and hedge funds have recently modified their holdings of USM. The Manufacturers Life Insurance Company raised its stake in United States Cellular by 6.3% during the third quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider’s stock worth $227,000 after acquiring an additional 245 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in United States Cellular by 0.7% during the 3rd 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 worth $1,969,000 after buying an additional 264 shares during the last quarter. Creative Planning grew its stake in United States Cellular by 12.4% during the 3rd quarter. Creative Planning now owns 7,238 shares of the Wireless communications provider’s stock worth $396,000 after buying an additional 800 shares during the last quarter. Victory Capital Management Inc. increased its position in United States Cellular by 8.7% in the second quarter. Victory Capital Management Inc. now owns 12,475 shares of the Wireless communications provider’s stock worth $696,000 after buying an additional 994 shares during the period. Finally, Innealta Capital LLC lifted its stake in United States Cellular by 22.9% in the third quarter. Innealta Capital LLC now owns 5,329 shares of the Wireless communications provider’s stock valued at $291,000 after buying an additional 994 shares during the last quarter. 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.
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