United States Cellular Corp (NYSE:USM) Given Consensus Rating of “Buy” by Analysts

Shares of United States Cellular Corp (NYSE:USM) have been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $54.63.

USM has been the topic of several recent research reports. Raymond James reaffirmed an “average” rating on shares of PPL in a report on Monday, May 6th. Morgan Stanley upped their price objective on shares of Kimberly Clark from $132.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, June 18th. Zacks Investment Research downgraded shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a report on Friday, April 26th. Finally, ValuEngine raised shares of Vistra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, July 3rd.

NYSE USM traded up $0.79 during trading on Friday, hitting $47.89. 528,900 shares of the company’s stock traded hands, compared to its average volume of 206,869. The stock has a market capitalization of $4.14 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 35.28 and a beta of 0.72. United States Cellular has a 12-month low of $32.33 and a 12-month high of $59.74. The company has a quick ratio of 2.10, a current ratio of 2.29 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $45.99.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Thursday, May 2nd. The Wireless communications provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.16. The business had revenue of $966.00 million for the quarter, compared to the consensus estimate of $980.16 million. United States Cellular had a net margin of 4.01% and a return on equity of 3.76%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. On average, research analysts expect that United States Cellular will post 1.36 earnings per share for the current fiscal year.

In related news, EVP Jay Ellison sold 12,498 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $50.06, for a total value of $625,649.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steven T. Campbell sold 4,703 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $48.17, for a total transaction of $226,543.51. Following the completion of the sale, the executive vice president now directly owns 23,935 shares in the company, valued at $1,152,948.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 105,942 shares of company stock worth $4,953,742. Insiders own 0.62% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. raised its stake in United States Cellular by 325.2% in the fourth quarter. Advisor Group Inc. now owns 523 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. Twin Tree Management LP purchased a new stake in United States Cellular in the first quarter valued at approximately $53,000. State of Alaska Department of Revenue raised its stake in United States Cellular by 48.8% in the first quarter. State of Alaska Department of Revenue now owns 2,073 shares of the Wireless communications provider’s stock valued at $94,000 after purchasing an additional 680 shares in the last quarter. Bessemer Group Inc. raised its stake in United States Cellular by 15,387.5% in the second quarter. Bessemer Group Inc. now owns 2,478 shares of the Wireless communications provider’s stock valued at $111,000 after purchasing an additional 2,462 shares in the last quarter. Finally, NumerixS Investment Technologies Inc raised its stake in United States Cellular by 3,500.0% in the first quarter. NumerixS Investment Technologies Inc now owns 3,600 shares of the Wireless communications provider’s stock valued at $164,000 after purchasing an additional 3,500 shares in the last quarter. 16.92% of the stock is currently owned by institutional investors and hedge funds.

About United States Cellular

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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