United States Cellular (USM) Rating Lowered to Sell at ValuEngine

United States Cellular (NYSE:USM) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Separately, Zacks Investment Research raised shares of United States Cellular from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. United States Cellular has an average rating of “Hold” and an average price target of $34.50.

United States Cellular (NYSE USM) opened at $35.74 on Friday. The firm has a market cap of $3,037.90, a price-to-earnings ratio of 91.64, a price-to-earnings-growth ratio of 132.37 and a beta of 0.68. The company has a current ratio of 2.23, a quick ratio of 2.08 and a debt-to-equity ratio of 0.48. United States Cellular has a 52-week low of $32.29 and a 52-week high of $45.75.

United States Cellular (NYSE:USM) last announced its quarterly earnings data on Wednesday, November 8th. The Wireless communications provider reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.10. The business had revenue of $963.00 million during the quarter, compared to analyst estimates of $968.80 million. United States Cellular had a negative net margin of 6.93% and a positive return on equity of 0.94%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. equities analysts expect that United States Cellular will post -3.18 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in United States Cellular 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 period. Northern Trust Corp increased its stake in United States Cellular by 0.6% in the second quarter. Northern Trust Corp now owns 97,485 shares of the Wireless communications provider’s stock valued at $3,734,000 after acquiring an additional 564 shares during the period. Renaissance Technologies LLC increased its stake in United States Cellular by 0.3% in the second quarter. Renaissance Technologies LLC now owns 628,300 shares of the Wireless communications provider’s stock valued at $24,076,000 after acquiring an additional 1,600 shares during the period. Aperio Group LLC increased its stake in United States Cellular by 11.4% in the fourth quarter. Aperio Group LLC now owns 23,966 shares of the Wireless communications provider’s stock valued at $902,000 after acquiring an additional 2,454 shares during the period. Finally, Citigroup Inc. increased its stake in United States Cellular 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 period. 14.78% of the stock is owned by institutional investors and hedge funds.

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United States Cellular 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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