United States Cellular (NYSE:USM) Upgraded at Raymond James

Raymond James upgraded shares of United States Cellular (NYSE:USM) from a market perform rating to an outperform rating in a research report sent to investors on Thursday morning, MarketBeat.com reports. Raymond James currently has $86.00 target price on the Wireless communications provider’s stock.

A number of other analysts also recently weighed in on USM. StockNews.com downgraded shares of United States Cellular from a “hold” rating to a “sell” rating in a report on Tuesday. Wells Fargo & Company increased 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.

United States Cellular Stock Performance

United States Cellular stock traded down $0.16 on Thursday, reaching $64.46. 101,539 shares of the stock were exchanged, compared to its average volume of 237,818. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average price of $57.63 and a two-hundred day moving average price of $52.82. The stock has a market cap of $5.54 billion, a PE ratio of -179.48 and a beta of 0.47. 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 announced its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.13. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The firm had revenue of $922.00 million during the quarter, compared to the consensus estimate of $940.40 million. During the same quarter in the prior year, the company earned $0.26 EPS. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. Sell-side analysts anticipate that United States Cellular will post 0.57 EPS for the current year.

Institutional Trading of United States Cellular

Institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. acquired a new position in United States Cellular during the second quarter worth $22,394,000. Jericho Capital Asset Management L.P. boosted its position in United States Cellular by 13.1% in the first quarter. Jericho Capital Asset Management L.P. now owns 1,592,792 shares of the Wireless communications provider’s stock valued at $58,137,000 after buying an additional 184,000 shares in the last quarter. TCW Group Inc. increased its holdings in shares of United States Cellular by 200.8% during the second quarter. TCW Group Inc. now owns 212,294 shares of the Wireless communications provider’s stock worth $11,850,000 after buying an additional 141,713 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of United States Cellular by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider’s stock valued at $128,349,000 after acquiring an additional 72,843 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in shares of United States Cellular by 22.0% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 360,000 shares of the Wireless communications provider’s stock worth $13,140,000 after acquiring an additional 65,000 shares in the last quarter. 18.03% of the stock is currently owned by institutional investors and hedge funds.

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.