StockNews.com Downgrades United States Cellular (NYSE:USM) to Sell

StockNews.com cut shares of United States Cellular (NYSE:USM) from a hold rating to a sell rating in a report issued on Tuesday.

Separately, Wells Fargo & Company lifted their price target on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday.

United States Cellular Price Performance

Shares of NYSE:USM opened at $64.62 on Tuesday. 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. The company has a market cap of $5.56 billion, a price-to-earnings ratio of -179.48 and a beta of 0.47. The firm has a 50 day simple moving average of $57.63 and a 200 day simple moving average of $52.82.

United States Cellular (NYSE:USM) last announced its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $940.40 million. During the same period in the prior year, the company earned $0.26 EPS. United States Cellular’s revenue was down 4.3% compared to the same quarter last year. Research analysts predict that United States Cellular will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Summit Securities Group LLC acquired a new stake in shares of United States Cellular during the second quarter worth $28,000. Creative Planning grew its holdings 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 acquiring an additional 800 shares during the period. Victory Capital Management Inc. raised its position in shares of United States Cellular by 8.7% in the 2nd quarter. Victory Capital Management Inc. now owns 12,475 shares of the Wireless communications provider’s stock worth $696,000 after acquiring an additional 994 shares in the last quarter. Innealta Capital LLC lifted its stake in shares of United States Cellular by 22.9% in the 3rd quarter. Innealta Capital LLC now owns 5,329 shares of the Wireless communications provider’s stock valued at $291,000 after purchasing an additional 994 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of United States Cellular during the 2nd quarter valued at about $115,000. 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.