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

United States Cellular Co. (NYSE:USM)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $69.33 and last traded at $69.57, with a volume of 14669 shares. The stock had previously closed at $68.70.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com raised United States Cellular from a “sell” rating to a “hold” rating in a report on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of United States Cellular from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th.

United States Cellular Stock Down 0.2 %

The firm has a 50 day simple moving average of $65.07 and a two-hundred day simple moving average of $62.00. The stock has a market capitalization of $5.87 billion, a P/E ratio of -191.99 and a beta of 0.46. 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 announced its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.15. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The business had revenue of $970.00 million during the quarter, compared to the consensus estimate of $964.70 million. During the same period in the prior year, the company earned $0.23 EPS. On average, equities research analysts expect that United States Cellular Co. will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On United States Cellular

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alyeska Investment Group L.P. boosted its position in United States Cellular by 73.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 480,250 shares of the Wireless communications provider’s stock valued at $30,121,000 after buying an additional 204,146 shares in the last quarter. Tiptree Advisors LLC acquired a new stake in shares of United States Cellular during the 4th quarter valued at $4,704,000. Man Group plc grew its position in United States Cellular by 124.6% during the 4th quarter. Man Group plc now owns 114,465 shares of the Wireless communications provider’s stock worth $7,179,000 after acquiring an additional 63,501 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in United States Cellular by 41.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 179,909 shares of the Wireless communications provider’s stock worth $11,284,000 after acquiring an additional 52,396 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in United States Cellular by 12.4% in 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. 18.03% of the stock is owned by institutional investors.

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.