Shares of United States Cellular Corp (NYSE:USM) have received a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $30.00.
A number of analysts have weighed in on USM shares. Zacks Investment Research upgraded United States Cellular from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Thursday, October 5th. ValuEngine lowered United States Cellular from a “hold” rating to a “sell” rating in a report on Sunday, December 31st.
Hedge funds have recently modified their holdings of the company. Citigroup Inc. increased its position in shares of United States Cellular by 2,940.5% during the second quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock worth $130,000 after purchasing an additional 3,264 shares in the last quarter. MUFG Americas Holdings Corp acquired a new position in shares of United States Cellular in the 3rd quarter valued at $218,000. Legal & General Group Plc increased its position in shares of United States Cellular by 183.9% in the 2nd quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock valued at $241,000 after acquiring an additional 4,068 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of United States Cellular by 8.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,710 shares of the Wireless communications provider’s stock valued at $257,000 after acquiring an additional 515 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of United States Cellular by 145.2% in the 3rd quarter. Wells Fargo & Company MN now owns 8,423 shares of the Wireless communications provider’s stock valued at $298,000 after acquiring an additional 4,988 shares during the period. 14.72% of the stock is currently owned by institutional investors and hedge funds.
United States Cellular (USM) traded up $0.23 during trading on Tuesday, reaching $37.01. The company’s stock had a trading volume of 95,700 shares, compared to its average volume of 85,733. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.08 and a current ratio of 2.23. The stock has a market capitalization of $3,070.00, a price-to-earnings ratio of -11.82, a P/E/G ratio of 137.07 and a beta of 0.71. United States Cellular has a one year low of $32.29 and a one year high of $45.75.
United States Cellular (NYSE:USM) last posted its earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.10. The company had revenue of $963.00 million during the quarter, compared to analyst estimates of $968.80 million. United States Cellular had a positive return on equity of 0.94% and a negative net margin of 6.93%. United States Cellular’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. research analysts anticipate that United States Cellular will post -3.18 earnings per share for the current year.
United States Cellular Company Profile
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.
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