Shares of United States Cellular Corporation (NYSE:USM) have earned an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $35.50.

Several research firms have recently weighed in on USM. BidaskClub lowered shares of United States Cellular Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Zacks Investment Research raised shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Wednesday, August 2nd.

United States Cellular Corporation (NYSE:USM) last released its earnings results on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.03). United States Cellular Corporation had a net margin of 1.26% and a return on equity of 1.12%. The company had revenue of $963.00 million during the quarter, compared to the consensus estimate of $949.43 million. During the same quarter in the previous year, the business posted $0.32 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis.

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In other United States Cellular Corporation news, EVP Steven T. Campbell sold 18,292 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $39.95, for a total value of $730,765.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Citigroup Inc. boosted its stake in United States Cellular Corporation by 2,940.5% in the second quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock valued at $130,000 after acquiring an additional 3,264 shares during the last quarter. Sei Investments Co. boosted its stake in United States Cellular Corporation by 22.6% in the second quarter. Sei Investments Co. now owns 3,552 shares of the Wireless communications provider’s stock valued at $136,000 after acquiring an additional 655 shares during the last quarter. Legal & General Group Plc boosted its stake in United States Cellular Corporation by 183.9% in the second quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock valued at $241,000 after acquiring an additional 4,068 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in United States Cellular Corporation by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 6,710 shares of the Wireless communications provider’s stock valued at $257,000 after acquiring an additional 515 shares during the last quarter. Finally, Parkwood LLC bought a new position in United States Cellular Corporation in the second quarter valued at approximately $259,000. 14.68% of the stock is currently owned by hedge funds and other institutional investors.

United States Cellular Corporation Company Profile

United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.

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