United States Cellular (NYSE:USM) Reaches New 12-Month High – What’s Next?

United States Cellular Co. (NYSE:USM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $68.44 and last traded at $68.32, with a volume of 25237 shares. The stock had previously closed at $67.58.

Wall Street Analysts Forecast Growth

USM has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. StockNews.com downgraded shares of United States Cellular from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Finally, Raymond James upgraded shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Thursday, November 7th.

United States Cellular Price Performance

The stock has a market cap of $5.86 billion, a P/E ratio of -189.39 and a beta of 0.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. The business’s fifty day moving average price is $63.05 and its 200 day moving average price is $59.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in USM. SG Americas Securities LLC lifted its holdings in shares of United States Cellular by 130.3% in the third quarter. SG Americas Securities LLC now owns 4,762 shares of the Wireless communications provider’s stock worth $260,000 after acquiring an additional 2,694 shares during the last quarter. Creative Planning lifted its holdings in shares of United States Cellular by 12.4% in the third quarter. Creative Planning now owns 7,238 shares of the Wireless communications provider’s stock worth $396,000 after acquiring an additional 800 shares during the last quarter. Innealta Capital LLC lifted its holdings in shares of United States Cellular by 22.9% in the third quarter. Innealta Capital LLC now owns 5,329 shares of the Wireless communications provider’s stock worth $291,000 after acquiring an additional 994 shares during the last quarter. Victory Capital Management Inc. raised its holdings in United States Cellular by 21.5% in the 3rd quarter. Victory Capital Management Inc. now owns 15,153 shares of the Wireless communications provider’s stock valued at $828,000 after buying an additional 2,678 shares during the last quarter. Finally, Quest Partners LLC raised its holdings 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 last quarter. 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.