Brokerages Set United States Cellular Corp (USM) Target Price at $30.00

United States Cellular Corp (NYSE:USM) has earned a consensus rating of “Hold” from the six analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $30.00.

Several research firms recently commented on USM. 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 “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 14th.

United States Cellular (NYSE USM) opened at $33.23 on Friday. The company has a market capitalization of $2,811.80, a price-to-earnings ratio of 84.82, a P/E/G ratio of 122.52 and a beta of 0.68. United States Cellular has a 12 month low of $32.06 and a 12 month high of $45.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.23 and a quick ratio of 2.08.

A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its stake in 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 purchasing an additional 515 shares during the last quarter. Northern Trust Corp increased its stake in United States Cellular by 0.6% during the second quarter. Northern Trust Corp now owns 97,485 shares of the Wireless communications provider’s stock worth $3,734,000 after acquiring an additional 564 shares during the last quarter. Aperio Group LLC increased its stake in United States Cellular by 11.4% during the fourth quarter. Aperio Group LLC now owns 23,966 shares of the Wireless communications provider’s stock worth $902,000 after acquiring an additional 2,454 shares during the last quarter. Citigroup Inc. increased its stake in 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 acquiring an additional 3,264 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in United States Cellular by 4.5% during the fourth quarter. California Public Employees Retirement System now owns 80,039 shares of the Wireless communications provider’s stock worth $3,012,000 after acquiring an additional 3,448 shares during the last quarter. Hedge funds and other institutional investors 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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