Shares of United States Cellular Corporation (NYSE:USM) have received an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $35.50.

Several research analysts have recently commented on USM shares. BidaskClub upgraded United States Cellular from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded United States Cellular from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th.

United States Cellular (NYSE USM) traded down $0.04 during midday trading on Monday, reaching $36.20. The company’s stock had a trading volume of 40,300 shares, compared to its average volume of 101,065. United States Cellular has a twelve month low of $32.29 and a twelve month high of $46.01. The company has a quick ratio of 2.08, a current ratio of 2.23 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $3,160.00, a P/E ratio of 92.82 and a beta of 0.71.

United States Cellular (NYSE:USM) last released its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.10. The business had revenue of $963.00 million for the quarter, compared to the consensus estimate of $968.80 million. United States Cellular had a positive return on equity of 0.94% and a negative net margin of 6.93%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. analysts expect that United States Cellular will post -3.18 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. grew its stake in shares of United States Cellular by 2,940.5% in the second quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock worth $130,000 after purchasing an additional 3,264 shares during the last quarter. Sei Investments Co. grew its stake in shares of United States Cellular by 22.6% in the second quarter. Sei Investments Co. now owns 3,552 shares of the Wireless communications provider’s stock worth $136,000 after purchasing an additional 655 shares during the last quarter. MUFG Americas Holdings Corp bought a new stake in shares of United States Cellular in the third quarter worth about $218,000. Legal & General Group Plc grew its stake in shares of United States Cellular by 183.9% in the second quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock worth $241,000 after purchasing an additional 4,068 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of United States Cellular by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 6,710 shares of the Wireless communications provider’s stock worth $257,000 after purchasing an additional 515 shares during the last quarter. 14.67% of the stock is currently owned by institutional investors.

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United States Cellular Company Profile

United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.

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