United States Cellular (NYSE:USM) Upgraded at StockNews.com

StockNews.com upgraded shares of United States Cellular (NYSE:USM) from a sell rating to a hold rating in a report published on Friday.

Several other equities research analysts also recently issued reports on USM. Raymond James raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Thursday, November 7th. Wells Fargo & Company raised their target price on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, November 4th.

United States Cellular Stock Performance

USM stock 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 company has a fifty day simple moving average of $63.45 and a 200 day simple moving average of $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 posted its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.15. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. During the same quarter in the prior year, the company posted $0.23 earnings per share. As a group, research analysts expect that United States Cellular will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in USM. Jericho Capital Asset Management L.P. grew its position in United States Cellular by 2.0% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 1,815,844 shares of the Wireless communications provider’s stock worth $113,890,000 after buying an additional 35,052 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of United States Cellular by 0.4% in the 4th quarter. Gabelli Funds LLC now owns 709,149 shares of the Wireless communications provider’s stock worth $44,478,000 after acquiring an additional 2,541 shares during the period. Alyeska Investment Group L.P. lifted its position in shares of United States Cellular by 73.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 480,250 shares of the Wireless communications provider’s stock worth $30,121,000 after acquiring an additional 204,146 shares during the period. American Century Companies Inc. grew its holdings in shares of United States Cellular by 12.4% during the 4th quarter. American Century Companies Inc. now owns 464,685 shares of the Wireless communications provider’s stock worth $29,145,000 after purchasing an additional 51,362 shares in the last quarter. Finally, FMR LLC increased its position in shares of United States Cellular by 3.5% during the third quarter. FMR LLC now owns 247,985 shares of the Wireless communications provider’s stock valued at $13,552,000 after purchasing an additional 8,416 shares during the period. 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.