Shares of United States Cellular Corp (NYSE:USM) have been given an average rating of “Hold” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $49.10.

Several brokerages have recently issued reports on USM. Morgan Stanley raised shares of United States Cellular from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $44.00 to $64.50 in a report on Tuesday, June 18th. ValuEngine lowered shares of United States Cellular from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised shares of United States Cellular from an “underweight” rating to a “neutral” rating and set a $46.00 target price for the company in a research note on Monday, August 5th. Wells Fargo & Co reduced their target price on shares of United States Cellular from $50.00 to $40.00 and set a “market perform” rating for the company in a research note on Tuesday, August 6th. Finally, Zacks Investment Research raised shares of United States Cellular from a “strong sell” rating to a “hold” rating in a research note on Friday, April 26th.

In related news, insider Kenneth R. Meyers sold 30,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $44.05, for a total value of $1,321,500.00. Following the completion of the transaction, the insider now directly owns 100,632 shares of the company’s stock, valued at approximately $4,432,839.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kenneth R. Meyers sold 17,919 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $35.27, for a total transaction of $632,003.13. Following the completion of the transaction, the chief executive officer now directly owns 67,852 shares of the company’s stock, valued at $2,393,140.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,462 shares of company stock valued at $4,749,540. Company insiders own 0.62% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. boosted its stake in shares of United States Cellular by 325.2% during the 4th quarter. Advisor Group Inc. now owns 523 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 400 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of United States Cellular during the 2nd quarter worth about $35,000. Meeder Asset Management Inc. acquired a new position in shares of United States Cellular during the 2nd quarter worth about $41,000. Twin Tree Management LP acquired a new position in shares of United States Cellular during the 1st quarter worth about $53,000. Finally, Trust Co. of Vermont acquired a new position in shares of United States Cellular during the 2nd quarter worth about $54,000. 18.58% of the stock is owned by hedge funds and other institutional investors.

Shares of USM stock traded down $0.34 on Thursday, hitting $34.08. The stock had a trading volume of 287,367 shares, compared to its average volume of 237,587. United States Cellular has a twelve month low of $33.54 and a twelve month high of $59.74. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 23.91 and a beta of 0.72. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.13 and a current ratio of 2.32. The company has a fifty day simple moving average of $44.17.

United States Cellular (NYSE:USM) last announced its quarterly earnings results on Thursday, August 1st. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.06). United States Cellular had a net margin of 3.56% and a return on equity of 3.46%. The firm had revenue of $973.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm earned $0.56 EPS. United States Cellular’s quarterly revenue was down .1% on a year-over-year basis. Research analysts expect that United States Cellular will post 1.47 earnings per share for the current year.

About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.

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Analyst Recommendations for United States Cellular (NYSE:USM)

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