United States Cellular (NYSE:USM) Cut to Sell at StockNews.com

StockNews.com cut shares of United States Cellular (NYSE:USM) from a hold rating to a sell rating in a research report report published on Tuesday.

Separately, Wells Fargo & Company raised their target price on shares of United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday.

United States Cellular Stock Performance

Shares of NYSE USM opened at $64.62 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of -179.48 and a beta of 0.47. The stock’s fifty day moving average price is $57.63 and its two-hundred day moving average price is $52.82. United States Cellular has a one year low of $32.01 and a one year high of $68.31.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The company had revenue of $922.00 million during the quarter, compared to analysts’ expectations of $940.40 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. United States Cellular’s quarterly revenue was down 4.3% on a year-over-year basis. On average, equities analysts forecast that United States Cellular will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC grew its stake in United States Cellular by 8.3% during the first quarter. Empowered Funds LLC now owns 190,665 shares of the Wireless communications provider’s stock worth $6,959,000 after buying an additional 14,678 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in United States Cellular by 22.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 360,000 shares of the Wireless communications provider’s stock valued at $13,140,000 after acquiring an additional 65,000 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in United States Cellular by 3.3% in the first quarter. Gamco Investors INC. ET AL now owns 1,480,017 shares of the Wireless communications provider’s stock valued at $54,021,000 after acquiring an additional 47,267 shares during the last quarter. Gabelli Funds LLC raised its position in United States Cellular by 1.5% during the first quarter. Gabelli Funds LLC now owns 659,515 shares of the Wireless communications provider’s stock valued at $24,072,000 after purchasing an additional 9,815 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in United States Cellular during the first quarter worth $264,000. Institutional investors and hedge funds own 18.03% of the company’s stock.

United States Cellular Company Profile

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.