United States Cellular (NYSE:USM) Lowered to Sell Rating by StockNews.com

StockNews.com lowered shares of United States Cellular (NYSE:USM) from a hold rating to a sell rating in a research note released on Thursday morning.

USM has been the topic of a number of other reports. Raymond James raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Thursday, November 7th. Wells Fargo & Company upped their target price on shares of United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, November 4th.

United States Cellular Price Performance

USM stock opened at $65.81 on Thursday. The stock’s 50 day simple moving average is $62.81 and its 200 day simple moving average is $59.42. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. United States Cellular has a 12-month low of $32.01 and a 12-month high of $68.31.

Hedge Funds Weigh In On United States Cellular

Several hedge funds and other institutional investors have recently modified their holdings of USM. Amundi increased its position 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 acquiring an additional 244 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of United States Cellular by 6.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider’s stock valued at $227,000 after purchasing an additional 245 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of 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 valued at $1,969,000 after purchasing an additional 264 shares during the last quarter. Swiss National Bank lifted its stake in shares of United States Cellular by 1.3% in the 4th quarter. Swiss National Bank now owns 31,300 shares of the Wireless communications provider’s stock worth $1,963,000 after purchasing an additional 400 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of United States Cellular by 9.2% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 7,260 shares of the Wireless communications provider’s stock worth $454,000 after buying an additional 609 shares during the last quarter. 18.03% of the stock is owned by institutional investors.

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.