United States Cellular (NYSE:USM) Share Price Crosses Above 200-Day Moving Average - Here's Why

Shares of United States Cellular Corporation (NYSE:USM - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $64.00 and traded as high as $64.10. United States Cellular shares last traded at $64.03, with a volume of 65,457 shares.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Raymond James Financial restated an "outperform" rating and set a $78.00 price objective (down previously from $83.00) on shares of United States Cellular in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their target price on United States Cellular from $88.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 28th.

United States Cellular Trading Up 0.7%

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.70. The firm has a 50-day moving average of $62.47 and a 200-day moving average of $64.00. The firm has a market capitalization of $5.44 billion, a P/E ratio of -139.19 and a beta of 0.35.

United States Cellular (NYSE:USM - Get Free Report) last issued its earnings results 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). The firm had revenue of $891.00 million during the quarter, compared to analysts' expectations of $924.90 million. United States Cellular had a positive return on equity of 1.36% and a negative net margin of 1.05%. On average, equities research analysts anticipate that United States Cellular Corporation will post 0.57 EPS for the current fiscal year.

Institutional Trading of United States Cellular

Institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi raised its position in shares of United States Cellular by 17.6% in the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock worth $99,000 after purchasing an additional 244 shares during the last quarter. Central Pacific Bank Trust Division raised its position in United States Cellular by 1.4% in the 1st quarter. Central Pacific Bank Trust Division now owns 21,900 shares of the Wireless communications provider's stock worth $1,514,000 after buying an additional 300 shares during the last quarter. Swiss National Bank raised its position in United States Cellular by 1.3% in the 4th 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 lifted 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 valued at $104,000 after acquiring an additional 453 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of United States Cellular by 9.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 7,260 shares of the Wireless communications provider's stock valued at $454,000 after acquiring an additional 609 shares during the last quarter. 18.03% of the stock is currently 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.