Shares of United States Cellular Corp (NYSE:USM) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $30.00.

Several equities research analysts have recently weighed in on USM shares. Zacks Investment Research downgraded shares of United States Cellular from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 14th. ValuEngine downgraded shares of United States Cellular from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st.

Shares of United States Cellular (USM) traded up $0.09 on Tuesday, hitting $35.66. 94,111 shares of the stock traded hands, compared to its average volume of 115,142. United States Cellular has a twelve month low of $32.29 and a twelve month high of $45.75. The firm has a market capitalization of $3,040.00, a P/E ratio of -11.39, a price-to-earnings-growth ratio of 132.07 and a beta of 0.71. The company has a quick ratio of 2.08, a current ratio of 2.23 and a debt-to-equity ratio of 0.48.

United States Cellular (NYSE:USM) last announced its earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.10. United States Cellular had a negative net margin of 6.93% and a positive return on equity of 0.94%. The business had revenue of $963.00 million during the quarter, compared to the consensus estimate of $968.80 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. sell-side analysts forecast that United States Cellular will post -3.18 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. boosted its stake in shares of United States Cellular by 2,940.5% during the second quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock worth $130,000 after buying an additional 3,264 shares during the period. MUFG Americas Holdings Corp acquired a new stake in shares of United States Cellular during the third quarter worth about $218,000. Legal & General Group Plc boosted its stake in shares of United States Cellular by 183.9% during the second quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock worth $241,000 after buying an additional 4,068 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of United States Cellular by 8.3% during 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 buying an additional 515 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in United States Cellular by 145.2% during the third quarter. Wells Fargo & Company MN now owns 8,423 shares of the Wireless communications provider’s stock worth $298,000 after purchasing an additional 4,988 shares in the last quarter. Institutional investors and hedge funds own 14.72% of the company’s stock.

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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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