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.
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.
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