JPMorgan Chase & Co. Issues Positive Forecast for United States Cellular (NYSE:USM) Stock Price

United States Cellular (NYSE:USM) had its target price upped by equities research analysts at JPMorgan Chase & Co. from $86.00 to $88.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 35.05% from the stock’s current price.

A number of other research firms have also weighed in on USM. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday. Raymond James raised shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lifted their target price on shares of United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, November 4th.

United States Cellular Stock Performance

NYSE USM traded down $0.26 during trading hours on Monday, reaching $65.16. The stock had a trading volume of 70,329 shares, compared to its average volume of 115,677. United States Cellular has a 52-week low of $32.01 and a 52-week high of $69.20. The stock has a fifty day moving average of $63.45 and a 200 day moving average of $60.19. 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 stock has a market cap of $5.60 billion, a P/E ratio of -181.06 and a beta of 0.47.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.15. 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 $970.00 million for the quarter, compared to the consensus estimate of $964.70 million. During the same period in the prior year, the firm earned $0.23 EPS. Sell-side analysts predict that United States Cellular will post 0.57 earnings per share for the current year.

Hedge Funds Weigh In On United States Cellular

A number of hedge funds have recently bought and sold shares of the business. R Squared Ltd acquired a new position in shares of United States Cellular during the 4th quarter worth approximately $38,000. Lazard Asset Management LLC raised its position in United States Cellular by 1,837.5% during the fourth quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider’s stock worth $58,000 after acquiring an additional 882 shares during the period. Amundi lifted its holdings in United States Cellular by 17.6% during the fourth quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock valued at $99,000 after purchasing an additional 244 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of United States Cellular by 37.6% in the fourth 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 worth $139,000 after buying an additional 2,109 shares during the last quarter. Hedge funds and other institutional investors 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.