United States Cellular's (USM) "Outperform" Rating Reiterated at Raymond James

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

Several other equities analysts have also recently issued reports on USM. StockNews.com upgraded shares of United States Cellular from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. boosted their target price on United States Cellular from $86.00 to $88.00 and gave the stock an "overweight" rating in a report on Monday, February 24th.

United States Cellular Price Performance

Shares of NYSE:USM traded up $0.31 on Monday, reaching $63.40. The company's stock had a trading volume of 240,819 shares, compared to its average volume of 205,275. The company has a 50-day simple moving average of $66.19 and a 200 day simple moving average of $64.16. United States Cellular has a 52-week low of $35.30 and a 52-week high of $70.79. The company has a market cap of $5.39 billion, a P/E ratio of -176.10 and a beta of 0.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57.

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 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 firm had revenue of $891.00 million for the quarter, compared to analysts' expectations of $924.90 million. As a group, equities research analysts anticipate that United States Cellular will post 0.57 EPS for the current fiscal year.

Institutional Trading of United States Cellular

Several institutional investors have recently made changes to their positions in USM. R Squared Ltd purchased a new position in United States Cellular in the 4th quarter worth approximately $38,000. Lazard Asset Management LLC boosted its holdings in United States Cellular by 1,837.5% in the fourth quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider's stock worth $58,000 after purchasing an additional 882 shares during the period. Amundi lifted its holdings in 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 acquiring an additional 244 shares during the last quarter. BNP Paribas Financial Markets grew its stake in United States Cellular by 37.6% during the 4th 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. Finally, Venturi Wealth Management LLC increased its holdings in shares of United States Cellular by 1,917.3% in the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider's stock worth $139,000 after acquiring an additional 2,109 shares during the period. 18.03% of the stock is owned by hedge funds and other institutional investors.

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.