United States Cellular Corporation (USM) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of United States Cellular Corporation (NYSE:USM) from a sell rating to a hold rating in a report issued on Thursday, May 11th.

USM has been the subject of a number of other research reports. Zacks Investment Research raised United States Cellular Corporation from a sell rating to a hold rating in a research note on Thursday, January 19th. Raymond James Financial, Inc. restated a market perform rating on shares of United States Cellular Corporation in a report on Monday, February 27th. Finally, FBR & Co started coverage on United States Cellular Corporation in a report on Monday, February 27th. They set an underperform rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $38.33.

Shares of United States Cellular Corporation (NYSE USM) opened at 38.85 on Thursday. The firm has a market cap of $3.30 billion, a PE ratio of 50.98 and a beta of 0.82. United States Cellular Corporation has a 52 week low of $33.30 and a 52 week high of $46.01. The stock has a 50 day moving average price of $39.18 and a 200 day moving average price of $40.36.

United States Cellular Corporation (NYSE:USM) last released its earnings results on Friday, May 5th. The Wireless communications provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.20. United States Cellular Corporation had a return on equity of 1.45% and a net margin of 1.63%. The company had revenue of $936 million during the quarter, compared to analyst estimates of $955.13 million. During the same quarter in the previous year, the company posted $0.10 EPS. United States Cellular Corporation’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities analysts expect that United States Cellular Corporation will post $0.56 earnings per share for the current year.

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In other United States Cellular Corporation news, EVP Jay Ellison sold 8,447 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $38.85, for a total transaction of $328,165.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Harry J. Harczak, Jr. sold 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of $36.81, for a total value of $103,068.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,236 shares of company stock worth $854,550. 1.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. increased its position in United States Cellular Corporation by 19.7% in the first quarter. Sei Investments Co. now owns 2,897 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 476 shares during the period. Bank of Montreal Can increased its position in United States Cellular Corporation by 98.5% in the first quarter. Bank of Montreal Can now owns 3,710 shares of the Wireless communications provider’s stock worth $138,000 after buying an additional 1,841 shares during the period. Cigna Investments Inc. New purchased a new position in United States Cellular Corporation during the fourth quarter worth $205,000. First Manhattan Co. increased its position in United States Cellular Corporation by 210.6% in the first quarter. First Manhattan Co. now owns 8,324 shares of the Wireless communications provider’s stock worth $302,000 after buying an additional 5,644 shares during the period. Finally, Quotient Investors LLC purchased a new position in United States Cellular Corporation during the first quarter worth $329,000. Hedge funds and other institutional investors own 14.85% of the company’s stock.

United States Cellular Corporation Company Profile

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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