United States Cellular (NYSE:USM) Trading Down 4.5%

United States Cellular Co. (NYSE:USM - Get Free Report) fell 4.5% on Tuesday . The company traded as low as $42.17 and last traded at $42.49. 88,469 shares changed hands during trading, a decline of 66% from the average session volume of 259,018 shares. The stock had previously closed at $44.50.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price objective on United States Cellular from $52.00 to $51.00 and set an "overweight" rating on the stock in a research report on Monday, May 13th.

United States Cellular Stock Down 3.4 %

The company's fifty day simple moving average is $37.41 and its 200-day simple moving average is $39.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.67 and a quick ratio of 1.46. The firm has a market capitalization of $3.66 billion, a PE ratio of 64.18 and a beta of 0.45.

United States Cellular (NYSE:USM - Get Free Report) last announced its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.06). The business had revenue of $950.00 million for the quarter, compared to analysts' expectations of $957.75 million. United States Cellular had a return on equity of 1.30% and a net margin of 1.55%. The firm's quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. On average, analysts forecast that United States Cellular Co. will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Pathstone Family Office LLC purchased a new stake in United States Cellular in the third quarter valued at approximately $1,074,000. Invesco Ltd. purchased a new position in shares of United States Cellular during the third quarter worth $11,395,000. Jericho Capital Asset Management L.P. purchased a new stake in United States Cellular in the third quarter valued at $51,753,000. Jump Financial LLC acquired a new stake in United States Cellular during the 4th quarter worth about $789,000. Finally, FMR LLC raised its stake in shares of United States Cellular by 289.6% during the 3rd quarter. FMR LLC now owns 250,473 shares of the Wireless communications provider's stock valued at $10,763,000 after buying an additional 186,183 shares during the last quarter. Institutional investors and hedge funds own 18.03% of the company's stock.

About United States Cellular

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.