United States Cellular Corp (USM) Receives $30.00 Consensus Price Target from Analysts
Shares of United States Cellular Corp (NYSE:USM) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $30.00.
Several equities research analysts have commented on USM shares. ValuEngine lowered United States Cellular from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered United States Cellular from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th.
Hedge funds have recently bought and sold shares of the company. 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 valued at $130,000 after buying an additional 3,264 shares in the last quarter. MUFG Americas Holdings Corp acquired a new stake in shares of United States Cellular in the third quarter valued at about $218,000. SG Americas Securities LLC acquired a new stake in shares of United States Cellular in the fourth quarter valued at about $246,000. Virtu Financial LLC acquired a new stake in shares of United States Cellular in the fourth quarter valued at about $253,000. 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 valued at $257,000 after buying an additional 515 shares in the last quarter. Institutional investors and hedge funds own 14.51% of the company’s stock.
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About United States Cellular
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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