Deutsche Bank AG Acquires New Stake in United States Cellular Co. (NYSE:USM)

Deutsche Bank AG bought a new stake in United States Cellular Co. (NYSE:USM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 6,871 shares of the Wireless communications provider's stock, valued at approximately $431,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amundi raised its holdings in shares of United States Cellular by 17.6% in the fourth quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock worth $99,000 after buying an additional 244 shares during the last quarter. Swiss National Bank raised its holdings in shares of United States Cellular by 1.3% in the fourth quarter. Swiss National Bank now owns 31,300 shares of the Wireless communications provider's stock worth $1,963,000 after buying an additional 400 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of United States Cellular by 37.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider's stock worth $104,000 after buying an additional 453 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of United States Cellular by 9.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 7,260 shares of the Wireless communications provider's stock worth $454,000 after purchasing an additional 609 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of United States Cellular during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 18.03% of the company's stock.

United States Cellular Stock Performance

USM traded up $1.52 on Monday, reaching $63.49. The stock had a trading volume of 92,733 shares, compared to its average volume of 177,711. United States Cellular Co. has a 12-month low of $47.59 and a 12-month high of $70.79. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. The business's 50-day moving average price is $64.85 and its two-hundred day moving average price is $64.17. The company has a market cap of $5.40 billion, a P/E ratio of -176.34 and a beta of 0.39.

United States Cellular (NYSE:USM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.16). The firm had revenue of $891.00 million during the quarter, compared to analysts' expectations of $924.90 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. Sell-side analysts forecast that United States Cellular Co. will post 0.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

USM has been the subject of a number of research reports. Raymond James reaffirmed an "outperform" rating and set a $78.00 target price (down previously from $83.00) on shares of United States Cellular in a report on Monday, May 5th. Wall Street Zen raised United States Cellular from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. decreased their target price on United States Cellular from $88.00 to $85.00 and set an "overweight" rating for the company in a report on Wednesday, May 28th.

United States Cellular Company Profile

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.