United States Cellular Corp (USM) Receives $50.00 Average PT from Analysts

Shares of United States Cellular Corp (NYSE:USM) have earned an average recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $50.00.

Several research firms recently weighed in on USM. Zacks Investment Research lowered United States Cellular from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd. B. Riley set a $50.00 price target on United States Cellular and gave the company a “hold” rating in a research report on Tuesday, February 26th.

In other United States Cellular news, Director Ronald E. Daly sold 1,294 shares of United States Cellular stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $47.15, for a total transaction of $61,012.10. Following the completion of the transaction, the director now owns 3,991 shares in the company, valued at $188,175.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Samuel Crowley sold 2,115 shares of United States Cellular stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $47.39, for a total value of $100,229.85. Following the transaction, the director now owns 4,648 shares of the company’s stock, valued at approximately $220,268.72. The disclosure for this sale can be found here. Insiders have sold 38,409 shares of company stock valued at $1,832,842 in the last quarter. 1.90% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in USM. Vanguard Group Inc increased its stake in shares of United States Cellular by 3.0% in the 3rd quarter. Vanguard Group Inc now owns 1,654,627 shares of the Wireless communications provider’s stock valued at $74,094,000 after purchasing an additional 48,636 shares in the last quarter. United Services Automobile Association purchased a new position in shares of United States Cellular in the 3rd quarter valued at $215,000. JPMorgan Chase & Co. raised its stake in shares of United States Cellular by 92.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 45,046 shares of the Wireless communications provider’s stock valued at $2,018,000 after acquiring an additional 21,613 shares during the period. Brown Advisory Inc. purchased a new position in shares of United States Cellular in the 3rd quarter valued at $460,000. Finally, Martingale Asset Management L P purchased a new position in shares of United States Cellular in the 4th quarter valued at $2,910,000. Institutional investors and hedge funds own 16.79% of the company’s stock.

NYSE USM traded up $0.96 during trading hours on Friday, hitting $47.90. The company had a trading volume of 522 shares, compared to its average volume of 209,766. United States Cellular has a 52 week low of $32.33 and a 52 week high of $59.74. The company has a quick ratio of 2.42, a current ratio of 2.62 and a debt-to-equity ratio of 0.39. The company has a market cap of $4.11 billion, a P/E ratio of 27.70, a P/E/G ratio of 39.18 and a beta of 0.67.

United States Cellular (NYSE:USM) last released its quarterly earnings results on Friday, February 22nd. The Wireless communications provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.09. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. United States Cellular had a return on equity of 3.41% and a net margin of 3.81%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. Equities research analysts anticipate that United States Cellular will post 1.2 EPS for the current year.

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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