United States Cellular (NYSE:USM) Rating Increased to Outperform 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 note released on Thursday, Marketbeat.com reports. Raymond James currently has $86.00 price objective on the Wireless communications provider’s stock.

Several other analysts have also recently commented on USM. Wells Fargo & Company raised their target price on United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday. StockNews.com lowered United States Cellular from a “hold” rating to a “sell” rating in a research report on Tuesday.

United States Cellular Trading Down 0.2 %

USM stock traded down $0.16 during mid-day trading on Thursday, reaching $64.46. 101,539 shares of the stock traded hands, compared to its average volume of 237,818. United States Cellular has a 52-week low of $32.01 and a 52-week high of $68.31. The stock’s fifty day moving average is $57.63 and its 200-day moving average is $52.82. The company has a market cap of $5.54 billion, a P/E ratio of -179.48 and a beta of 0.47. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63.

United States Cellular (NYSE:USM) last issued its quarterly earnings results 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. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The business 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 firm earned $0.26 EPS. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts expect that United States Cellular will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quest Partners LLC grew its position in United States Cellular by 231.1% in the third quarter. Quest Partners LLC now owns 4,675 shares of the Wireless communications provider’s stock worth $255,000 after acquiring an additional 3,263 shares in the last quarter. Victory Capital Management Inc. raised its holdings 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 buying an additional 2,678 shares in the last quarter. Innealta Capital LLC lifted its position 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 buying an additional 994 shares during the last quarter. Creative Planning boosted its stake in shares of United States Cellular by 12.4% during the 3rd quarter. Creative Planning now owns 7,238 shares of the Wireless communications provider’s stock worth $396,000 after acquiring an additional 800 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of United States Cellular by 130.3% during the 3rd quarter. SG Americas Securities LLC now owns 4,762 shares of the Wireless communications provider’s stock valued at $260,000 after acquiring an additional 2,694 shares during the last quarter. Hedge funds and other institutional investors own 18.03% of the company’s stock.

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.