United States Cellular (NYSE:USM) Hits New 1-Year High – What’s Next?

United States Cellular Co. (NYSE:USM) shares reached a new 52-week high on Tuesday . The stock traded as high as $68.44 and last traded at $68.32, with a volume of 25237 shares traded. The stock had previously closed at $67.58.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Raymond James upgraded shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Thursday, November 7th. 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 report on Monday, November 4th. Finally, StockNews.com lowered shares of United States Cellular from a “hold” rating to a “sell” rating in a report on Thursday, February 13th.

United States Cellular Stock Up 0.5 %

The firm has a market cap of $5.78 billion, a P/E ratio of -186.67 and a beta of 0.47. 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 firm’s fifty day moving average is $63.40 and its 200 day moving average is $59.96.

Institutional Trading of United States Cellular

A number of institutional investors have recently bought and sold shares of USM. R Squared Ltd bought a new stake in United States Cellular in the 4th quarter valued at about $38,000. Lazard Asset Management LLC boosted its holdings in United States Cellular by 1,837.5% in the 4th quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 882 shares during the period. Amundi boosted its holdings in United States Cellular by 17.6% in the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock valued at $99,000 after purchasing an additional 244 shares during the period. BNP Paribas Financial Markets boosted its holdings in United States Cellular by 37.6% in the 4th quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider’s stock valued at $104,000 after purchasing an additional 453 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in United States Cellular by 1,917.3% in the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock valued at $139,000 after purchasing an additional 2,109 shares during the period. Institutional investors 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.