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

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

Separately, Wells Fargo & Company raised 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 Trading Down 0.2 %

USM opened at $58.99 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.55 and a debt-to-equity ratio of 0.62. United States Cellular has a 52 week low of $32.01 and a 52 week high of $67.84. The stock has a market cap of $5.07 billion, a PE ratio of -163.86 and a beta of 0.47. The business has a 50 day moving average of $57.27 and a 200-day moving average of $52.65.

United States Cellular (NYSE:USM) last announced its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.13 by $0.13. The business had revenue of $922.00 million during the quarter, compared to analyst estimates of $940.40 million. United States Cellular had a positive return on equity of 1.54% and a negative net margin of 0.79%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share. Equities research analysts predict that United States Cellular will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United States Cellular

Several institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its stake 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 worth $828,000 after purchasing an additional 2,678 shares in the last quarter. Innealta Capital LLC grew 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 valued at $291,000 after buying an additional 994 shares during the last quarter. Creative Planning increased its position in shares of United States Cellular by 12.4% during the third 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. SG Americas Securities LLC raised its holdings in United States Cellular by 130.3% in the 3rd 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. Finally, Algert Global LLC lifted its position in United States Cellular by 220.8% in the 2nd quarter. Algert Global LLC now owns 76,726 shares of the Wireless communications provider’s stock valued at $4,283,000 after acquiring an additional 52,806 shares in the last quarter. 18.03% of the stock is currently owned by institutional investors.

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.