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

StockNews.com upgraded shares of United States Cellular (NYSE:USM) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

Several other research analysts also recently commented on USM. Wells Fargo & Company raised their price objective on 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 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 research note on Thursday, November 7th.

United States Cellular Price Performance

Shares of NYSE:USM opened at $61.54 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $5.29 billion, a PE ratio of -170.94 and a beta of 0.47. The firm’s 50 day moving average price is $58.49 and its 200-day moving average price is $53.94. United States Cellular has a twelve month low of $32.01 and a twelve month high of $68.31.

United States Cellular (NYSE:USM) last released its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.13. 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 $922.00 million for the quarter, compared to the consensus estimate of $940.40 million. During the same period last year, the firm earned $0.26 earnings per share. The company’s quarterly revenue was down 4.3% on a year-over-year basis. Equities research analysts expect that United States Cellular will post 0.57 EPS for the current year.

Hedge Funds Weigh In On United States Cellular

A number of hedge funds have recently made changes to their positions in USM. Summit Securities Group LLC purchased a new position in United States Cellular in the 2nd quarter worth approximately $28,000. SG Americas Securities LLC bought a new stake in shares of United States Cellular during the second quarter valued at approximately $115,000. Bailard Inc. purchased a new position in shares of United States Cellular in the second quarter worth $207,000. Invesco LLC bought a new position in shares of United States Cellular during the second quarter worth $214,000. Finally, The Manufacturers Life Insurance Company purchased a new position in United States Cellular during the second quarter valued at $218,000. 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.