Raymond James Reaffirms "Outperform" Rating for United States Cellular (NYSE:USM)

Raymond James reaffirmed their outperform rating on shares of United States Cellular (NYSE:USM - Free Report) in a research note issued to investors on Monday morning,Benzinga reports. Raymond James currently has a $78.00 price target on the Wireless communications provider's stock, down from their prior price target of $83.00.

USM has been the subject of several other research reports. StockNews.com upgraded shares of United States Cellular from a "sell" rating to a "hold" rating in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their price objective on shares of United States Cellular from $86.00 to $88.00 and gave the company an "overweight" rating in a research report on Monday, February 24th.

United States Cellular Trading Up 0.8 %

Shares of USM traded up $0.48 during trading hours on Monday, reaching $63.25. The stock had a trading volume of 232,597 shares, compared to its average volume of 196,786. The company has a market cap of $5.38 billion, a P/E ratio of -175.69 and a beta of 0.39. United States Cellular has a 52 week low of $41.25 and a 52 week high of $70.79. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average of $66.13 and a 200 day moving average of $64.21.

United States Cellular (NYSE:USM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.16). United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The business had revenue of $891.00 million during the quarter, compared to the consensus estimate of $924.90 million. On average, sell-side analysts expect that United States Cellular will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of United States Cellular

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC increased its stake in United States Cellular by 10.8% in the 3rd quarter. Barclays PLC now owns 24,636 shares of the Wireless communications provider's stock valued at $1,345,000 after buying an additional 2,405 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of United States Cellular by 34.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider's stock valued at $2,879,000 after acquiring an additional 13,467 shares in the last quarter. SG Americas Securities LLC increased its position in shares of United States Cellular by 262.8% in the fourth quarter. SG Americas Securities LLC now owns 17,275 shares of the Wireless communications provider's stock valued at $1,083,000 after acquiring an additional 12,513 shares during the last quarter. Mariner Investment Group LLC bought a new stake in United States Cellular during the fourth quarter worth about $1,944,000. Finally, R Squared Ltd acquired a new position in United States Cellular during the fourth quarter valued at approximately $38,000. 18.03% of the stock is currently owned by institutional investors and hedge funds.

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.