United States Cellular (NYSE:USM) Upgraded to “Hold” 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 Friday morning.

USM has been the subject of a number of other reports. Wells Fargo & Company upped their price objective 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. Raymond James upgraded shares of 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.

United States Cellular Stock Performance

NYSE USM opened at $65.18 on Friday. United States Cellular has a 1 year low of $32.01 and a 1 year high of $69.20. The business’s fifty day moving average is $63.45 and its two-hundred day moving average is $60.07. 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 (NYSE:USM) last announced its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.15. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. During the same quarter last year, the firm earned $0.23 EPS. On average, analysts forecast that United States Cellular will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Creative Planning grew its stake in United States Cellular by 12.4% during the 3rd quarter. Creative Planning now owns 7,238 shares of the Wireless communications provider’s stock valued at $396,000 after acquiring an additional 800 shares in the last quarter. Innealta Capital LLC boosted its holdings in shares of United States Cellular by 22.9% during the third quarter. Innealta Capital LLC now owns 5,329 shares of the Wireless communications provider’s stock worth $291,000 after purchasing an additional 994 shares during the period. Victory Capital Management Inc. grew its position in United States Cellular by 21.5% during the third quarter. Victory Capital Management Inc. now owns 15,153 shares of the Wireless communications provider’s stock valued at $828,000 after purchasing an additional 2,678 shares in the last quarter. Quest Partners LLC increased its stake in United States Cellular by 231.1% in the 3rd quarter. Quest Partners LLC now owns 4,675 shares of the Wireless communications provider’s stock valued at $255,000 after buying an additional 3,263 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in United States Cellular in the 3rd quarter worth approximately $303,000. 18.03% of the stock is owned by institutional investors and hedge funds.

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.