United States Cellular (NYSE:USM) had its target price boosted by investment analysts at Raymond James from $43.00 to $56.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the Wireless communications provider’s stock. Raymond James’ price target suggests a potential upside of 3.80% from the stock’s current price.
Several other brokerages have also weighed in on USM. B. Riley restated a “neutral” rating and issued a $53.00 price objective on shares of United States Cellular in a report on Thursday, November 1st. ValuEngine lowered shares of United States Cellular from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Zacks Investment Research lowered shares of United States Cellular from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. JPMorgan Chase & Co. lowered shares of United States Cellular from a “neutral” rating to an “underweight” rating and set a $43.00 price objective on the stock. in a report on Wednesday, July 11th. Finally, Citigroup increased their price objective on shares of United States Cellular from $49.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $51.00.
Shares of USM stock traded up $2.08 during trading hours on Tuesday, reaching $53.95. 1,664 shares of the company were exchanged, compared to its average volume of 168,572. United States Cellular has a fifty-two week low of $32.06 and a fifty-two week high of $56.89. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 93.66, a PEG ratio of 50.45 and a beta of 0.35. The company has a current ratio of 2.90, a quick ratio of 2.66 and a debt-to-equity ratio of 0.41.
United States Cellular (NYSE:USM) last announced its quarterly earnings data on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.17. United States Cellular had a net margin of 10.21% and a return on equity of 3.09%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $993.91 million. During the same period in the prior year, the business posted $0.11 earnings per share. United States Cellular’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast that United States Cellular will post 1.35 earnings per share for the current fiscal year.
In other United States Cellular news, EVP Michael Irizarry sold 1,746 shares of the company’s stock in a transaction that occurred on Wednesday, September 26th. The shares were sold at an average price of $43.40, for a total value of $75,776.40. Following the completion of the sale, the executive vice president now owns 59,300 shares of the company’s stock, valued at $2,573,620. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven T. Campbell sold 2,362 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $42.12, for a total transaction of $99,487.44. Following the completion of the sale, the executive vice president now directly owns 36,372 shares of the company’s stock, valued at approximately $1,531,988.64. The disclosure for this sale can be found here. Insiders sold 38,208 shares of company stock valued at $1,894,221 in the last ninety days. Insiders own 1.90% of the company’s stock.
Large investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its stake in United States Cellular by 241.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,075 shares of the Wireless communications provider’s stock valued at $188,000 after purchasing an additional 3,588 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of United States Cellular during the second quarter worth $222,000. People s United Financial Inc. bought a new stake in shares of United States Cellular during the second quarter worth $257,000. GSA Capital Partners LLP bought a new stake in shares of United States Cellular during the second quarter worth $265,000. Finally, Sei Investments Co. increased its position in shares of United States Cellular by 980.9% during the second quarter. Sei Investments Co. now owns 7,588 shares of the Wireless communications provider’s stock worth $281,000 after acquiring an additional 6,886 shares in the last quarter. 15.53% of the stock is owned by hedge funds and other institutional investors.
United States Cellular Company Profile
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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