United States Cellular Corporation (NYSE:USM) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “U.S. Cellular posted mixed third-quarter 2017 results with massive subscriber gain. We believe the company’s succeeded in subscriber additions and churn management on the back of numerous strategic moves like introduction of a new billing system, continuous rollout of 4G LTE, enhancement of LTE handsets, completion of various spectrum transactions and monetization of non-strategic assets, to achieve its target. U.S. Cellular is optimistic about the growing demand for smartphones, which enjoy significant market penetration, supporting growth in data revenues. However, we remain concerned about the company’s operation in an intensely competitive and consolidated wireless market. Costs associated with network integration and construction of cell sites, aggressive pricing by larger rivals and fall in service revenues are other major risks. Over the past three months, the stock price underperformed its industry's loss.”

Separately, BidaskClub upgraded United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.67.

United States Cellular Corporation (USM) traded up $0.94 during mid-day trading on Tuesday, reaching $33.89. The company’s stock had a trading volume of 48,097 shares, compared to its average volume of 101,526. United States Cellular Corporation has a 52 week low of $32.29 and a 52 week high of $46.01. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.08 and a current ratio of 2.23. The company has a market capitalization of $2,800.00, a P/E ratio of 87.15, a price-to-earnings-growth ratio of 165.80 and a beta of 0.71.

United States Cellular Corporation (NYSE:USM) last posted its earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.10. The company had revenue of $963.00 million for the quarter, compared to the consensus estimate of $968.80 million. United States Cellular Corporation had a positive return on equity of 0.94% and a negative net margin of 6.93%. United States Cellular Corporation’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. sell-side analysts anticipate that United States Cellular Corporation will post 0.2 EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the business. Citigroup Inc. increased its position 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 worth $130,000 after buying an additional 3,264 shares in the last quarter. Sei Investments Co. increased its position 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 worth $136,000 after buying an additional 655 shares in the last quarter. MUFG Americas Holdings Corp purchased a new stake in United States Cellular Corporation in the third quarter worth about $218,000. Legal & General Group Plc increased its position 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 worth $241,000 after buying an additional 4,068 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position 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 worth $257,000 after buying an additional 515 shares in the last quarter. Institutional investors and hedge funds own 14.54% of the company’s stock.

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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