Brokerages Set United States Cellular Corporation (USM) PT at $37.33

United States Cellular Corporation (NYSE:USM) has been assigned an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $37.33.

Several brokerages recently commented on USM. Zacks Investment Research raised shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, August 2nd. BidaskClub raised shares of United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th.

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In related news, EVP Steven T. Campbell sold 18,292 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $39.95, for a total value of $730,765.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL raised its position in shares of United States Cellular Corporation by 3.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 3,018,657 shares of the Wireless communications provider’s stock valued at $115,675,000 after purchasing an additional 93,187 shares during the last quarter. Vanguard Group Inc. raised its position in shares of United States Cellular Corporation by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 1,746,129 shares of the Wireless communications provider’s stock valued at $65,183,000 after purchasing an additional 104,640 shares during the last quarter. Gabelli Funds LLC raised its position in shares of United States Cellular Corporation by 6.4% in the 2nd quarter. Gabelli Funds LLC now owns 1,304,946 shares of the Wireless communications provider’s stock valued at $50,006,000 after purchasing an additional 78,846 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of United States Cellular Corporation by 15.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,073,994 shares of the Wireless communications provider’s stock valued at $41,156,000 after purchasing an additional 140,120 shares during the last quarter. Finally, FMR LLC raised its position in shares of United States Cellular Corporation by 9.1% in the 1st quarter. FMR LLC now owns 647,496 shares of the Wireless communications provider’s stock valued at $24,171,000 after purchasing an additional 54,000 shares during the last quarter. 14.83% of the stock is owned by hedge funds and other institutional investors.

Shares of United States Cellular Corporation (NYSE USM) traded up 0.97% on Friday, reaching $37.47. 50,950 shares of the company’s stock traded hands. United States Cellular Corporation has a 12-month low of $33.30 and a 12-month high of $46.01. The stock has a 50-day moving average price of $36.68 and a 200-day moving average price of $38.05. The company has a market cap of $1.95 billion, a PE ratio of 65.74 and a beta of 0.81.

United States Cellular Corporation (NYSE:USM) last released its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The firm had revenue of $963.00 million during the quarter, compared to the consensus estimate of $949.43 million. United States Cellular Corporation had a net margin of 1.26% and a return on equity of 1.12%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 earnings per share. Equities research analysts anticipate that United States Cellular Corporation will post $0.31 EPS for the current fiscal year.

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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