Brokerages have set a 1-year consensus price objective of $39.50 for the company and are predicting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned United States Cellular Corp an industry rank of 204 out of 265 based on the ratings given to related companies.
United States Cellular Corp (NYSE:USM) has been given an average broker rating score of 3.00 (Hold) from the seven analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating, five have given a hold rating and one has assigned a strong buy rating to the company. United States Cellular Corp’s rating score has declined by 10.7% from three months ago as a result of various analysts’ upgrades and downgrades.
Several research analysts recently issued reports on USM shares. Zacks Investment Research lowered shares of United States Cellular Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, February 1st. Raymond James Financial, Inc. restated a “market perform” rating on shares of United States Cellular Corp in a research report on Monday, February 27th. FBR & Co began coverage on shares of United States Cellular Corp in a research report on Monday, February 27th. They set an “underperform” rating and a $30.00 price target for the company. Finally, ValuEngine upgraded shares of United States Cellular Corp from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Shares of United States Cellular Corp (NYSE:USM) traded down 0.76% during midday trading on Thursday, hitting $39.02. The company’s stock had a trading volume of 90,766 shares. United States Cellular Corp has a 52-week low of $33.30 and a 52-week high of $46.01. The stock’s 50 day moving average is $38.05 and its 200-day moving average is $39.63. The firm has a market cap of $3.31 billion, a P/E ratio of 51.21 and a beta of 0.84.
In related news, Director Ronald E. Daly sold 2,115 shares of the stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $37.55, for a total value of $79,418.25. Following the completion of the transaction, the director now directly owns 2,517 shares of the company’s stock, valued at $94,513.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harry J. Harczak, Jr. sold 2,800 shares of the stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $36.81, for a total transaction of $103,068.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,236 shares of company stock valued at $854,550. Insiders own 1.20% of the company’s stock. A number of institutional investors have recently added to or reduced their stakes in USM. FMR LLC increased its position in United States Cellular Corp by 406.4% in the fourth quarter. FMR LLC now owns 593,496 shares of the Wireless communications provider’s stock worth $25,947,000 after buying an additional 476,300 shares during the last quarter. Russell Investments Group Ltd. bought a new position in United States Cellular Corp during the fourth quarter worth about $3,925,000. State Board of Administration of Florida Retirement System increased its position in United States Cellular Corp by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 27,412 shares of the Wireless communications provider’s stock worth $1,198,000 after buying an additional 74 shares during the last quarter. Quotient Investors LLC bought a new position in United States Cellular Corp during the first quarter worth about $329,000. Finally, UBS Oconnor LLC bought a new position in United States Cellular Corp during the third quarter worth about $1,761,000. 14.43% of the stock is owned by institutional investors.
About United States Cellular Corp 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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