U.S. Cellular Corp. Coverage Initiated at FBR Capital Markets (USM)
Stock analysts at FBR Capital Markets began coverage on shares of U.S. Cellular Corp. (NYSE:USM) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set an “underperform” rating and a $40.00 price target on the stock. FBR Capital Markets’ price target would indicate a potential downside of 13.10% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of U.S. Cellular Corp. in a research note to investors on Wednesday, September 4th. They now have a $45.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of U.S. Cellular Corp. from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 9th. Finally, analysts at Raymond James raised their price target on shares of U.S. Cellular Corp. from $40.00 to $44.00 in a research note to investors on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.80.
U.S. Cellular Corp. (NYSE:USM) opened at 46.03 on Friday. U.S. Cellular Corp. has a 52-week low of $32.25 and a 52-week high of $46.37. The stock’s 50-day moving average is $44.33 and its 200-day moving average is $39.80. The company has a market cap of $3.861 billion and a P/E ratio of 27.16.
U.S. Cellular Corp. (NYSE:USM) last issued its quarterly earnings data on Friday, August 2nd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $1.58. The company had revenue of $995.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. Analysts expect that U.S. Cellular Corp. will post $0.32 EPS for the current fiscal year.
United States Cellular Corporation (NYSE:USM) is a wireless telecommunications service provider.
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