United States Cellular (NYSE:USM) Given New $88.00 Price Target at JPMorgan Chase & Co.

United States Cellular (NYSE:USM) had its target price increased by JPMorgan Chase & Co. from $86.00 to $88.00 in a research report released on Monday,Benzinga reports. The firm currently has an overweight rating on the Wireless communications provider’s stock.

Several other research analysts have also recently issued reports on USM. Wells Fargo & Company increased their price target on United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Raymond James raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research note on Thursday, November 7th. Finally, StockNews.com raised United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday, February 21st.

United States Cellular Price Performance

Shares of USM opened at $65.34 on Monday. The company has a market cap of $5.62 billion, a P/E ratio of -181.49 and a beta of 0.47. The stock has a fifty day moving average price of $63.67 and a 200 day moving average price of $60.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. United States Cellular has a 12 month low of $32.90 and a 12 month high of $69.20.

United States Cellular (NYSE:USM) last issued its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported $0.05 EPS for the quarter, topping analysts’ consensus estimates 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 firm 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 business earned $0.23 EPS. On average, research analysts forecast that United States Cellular will post 0.57 earnings per share for the current year.

Institutional Trading of United States Cellular

Institutional investors have recently modified their holdings of the company. State Street Corp lifted its holdings in shares of United States Cellular by 13.0% in the third quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider’s stock valued at $5,812,000 after buying an additional 12,219 shares during the period. Mariner Investment Group LLC acquired a new stake in shares of United States Cellular in the fourth quarter valued at $1,944,000. Barclays PLC lifted its holdings in shares of United States Cellular by 10.8% in the third quarter. Barclays PLC now owns 24,636 shares of the Wireless communications provider’s stock valued at $1,345,000 after buying an additional 2,405 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of United States Cellular by 34.3% in the third quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider’s stock valued at $2,879,000 after buying an additional 13,467 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of United States Cellular by 4.7% in the third quarter. Geode Capital Management LLC now owns 166,181 shares of the Wireless communications provider’s stock valued at $9,085,000 after buying an additional 7,449 shares during the period. Institutional investors and hedge funds 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.