United States Cellular Co. (NYSE:USM) Receives Consensus Rating of “Hold” from Analysts

United States Cellular Co. (NYSE:USM) has received a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $41.00.

Several research firms recently issued reports on USM. Morgan Stanley reduced their price target on shares of United States Cellular from $50.50 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, July 22nd. Zacks Investment Research downgraded shares of United States Cellular from a “buy” rating to a “sell” rating and set a $40.00 price target for the company. in a report on Monday, July 12th. Finally, JPMorgan Chase & Co. downgraded United States Cellular from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $35.00 to $36.00 in a report on Monday, August 2nd.

In related news, Director Gregory P. Josefowicz sold 4,049 shares of the firm’s stock in a transaction on Tuesday, September 14th. The stock was sold at an average price of $31.11, for a total transaction of $125,964.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of USM. Liberty Wealth Management LLC boosted its stake in United States Cellular by 3,529.6% during the 2nd quarter. Liberty Wealth Management LLC now owns 980 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 953 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of United States Cellular in the 1st quarter worth approximately $38,000. Ameritas Investment Partners Inc. purchased a new position in shares of United States Cellular in the 2nd quarter worth approximately $44,000. Royal Bank of Canada boosted its stake in shares of United States Cellular by 163.1% in the 2nd quarter. Royal Bank of Canada now owns 1,913 shares of the Wireless communications provider’s stock worth $69,000 after buying an additional 1,186 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of United States Cellular by 53.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,429 shares of the Wireless communications provider’s stock worth $125,000 after buying an additional 1,194 shares during the last quarter. 17.57% of the stock is owned by institutional investors and hedge funds.

Shares of USM stock traded up $0.91 on Wednesday, hitting $31.69. The stock had a trading volume of 821 shares, compared to its average volume of 165,211. United States Cellular has a twelve month low of $28.19 and a twelve month high of $39.96. The firm has a market cap of $2.75 billion, a P/E ratio of 15.00 and a beta of 0.63. The company has a current ratio of 2.19, a quick ratio of 1.95 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average price of $32.63 and a two-hundred day moving average price of $35.36.

United States Cellular (NYSE:USM) last issued its earnings results on Thursday, August 5th. The Wireless communications provider reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). United States Cellular had a net margin of 4.47% and a return on equity of 4.14%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. On average, analysts expect that United States Cellular will post 1.61 earnings per share for the current year.

United States Cellular Company Profile

United States Cellular Corp. engages in the provision of wireless telecommunication services. Its products include smartphones, tablets, vehicle routers, and accessories. It offers Internet plans, prepaid and postpaid plans, and roaming services. The company was founded by Leroy T. Carlson in 1983 and is headquartered in Chicago, IL.

Featured Story: What is a stock portfolio tracker?

Analyst Recommendations for United States Cellular (NYSE:USM)

Receive News & Ratings for United States Cellular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Cellular and related companies with MarketBeat.com's FREE daily email newsletter.