United States Cellular Corp. (NYSE:USM) has been assigned an average broker rating score of 3.00 (Hold) from the seven analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong sell recommendation, three have assigned a hold recommendation and two have given a strong buy recommendation to the company.
Analysts have set a 1-year consensus price target of $39.60 for the company and are anticipating that the company will post ($0.08) earnings per share for the current quarter, according to Zacks. Zacks has also given United States Cellular Corp. an industry rank of 102 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut United States Cellular Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 25th.
Shares of United States Cellular Corp. (NYSE:USM) traded down 0.6605% during mid-day trading on Friday, reaching $37.2225. The company’s stock had a trading volume of 32,439 shares. United States Cellular Corp. has a 52 week low of $32.72 and a 52 week high of $45.87. The company’s 50-day moving average is $35.45 and its 200-day moving average is $37.45. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 61.6267 and a beta of 0.77.
United States Cellular Corp. (NYSE:USM) last released its quarterly earnings results on Friday, November 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.07. United States Cellular Corp. had a return on equity of 1.42% and a net margin of 1.30%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. Equities analysts predict that United States Cellular Corp. will post $0.47 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP bought a new stake in shares of United States Cellular Corp. during the second quarter valued at about $2,667,000. State Board of Administration of Florida Retirement System boosted its stake in shares of United States Cellular Corp. by 26.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 27,338 shares of the company’s stock valued at $1,073,000 after buying an additional 5,794 shares during the last quarter. Gabelli Securities Inc. boosted its stake in shares of United States Cellular Corp. by 4.7% in the second quarter. Gabelli Securities Inc. now owns 8,900 shares of the company’s stock valued at $350,000 after buying an additional 400 shares during the last quarter. DIAM Co. Ltd. bought a new stake in shares of United States Cellular Corp. during the second quarter valued at about $125,000. Finally, Emerald Acquisition Ltd. bought a new stake in shares of United States Cellular Corp. during the second quarter valued at about $4,357,000. Institutional investors and hedge funds own 14.77% of the company’s stock.
United States Cellular Corp. Company Profile
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company operates all of its 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 vertical industries, such as construction, retail, professional services and real estate.