United States Cellular Corporation (USM) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of United States Cellular Corporation (NYSE:USM) from a sell rating to a hold rating in a report issued on Saturday, August 5th.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of United States Cellular Corporation from a hold rating to a buy rating and set a $43.00 target price for the company in a report on Wednesday, August 2nd. ValuEngine raised shares of United States Cellular Corporation from a sell rating to a hold rating in a report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. United States Cellular Corporation presently has a consensus rating of Hold and an average price target of $38.00.

Shares of United States Cellular Corporation (NYSE:USM) traded down 0.18% during mid-day trading on Friday, reaching $38.01. The company’s stock had a trading volume of 99,212 shares. United States Cellular Corporation has a 52-week low of $33.30 and a 52-week high of $46.01. The firm has a 50 day moving average price of $38.43 and a 200 day moving average price of $38.89. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 66.45 and a beta of 0.82.

United States Cellular Corporation (NYSE:USM) last announced its quarterly earnings data on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $963 million during the quarter, compared to analysts’ expectations of $949.43 million. United States Cellular Corporation had a return on equity of 1.12% and a net margin of 1.26%. United States Cellular Corporation’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, equities analysts predict that United States Cellular Corporation will post $0.46 EPS for the current fiscal year.

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In related news, EVP Steven T. Campbell sold 18,292 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $39.95, for a total value of $730,765.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL increased its position in shares of United States Cellular Corporation by 3.2% in the second quarter. Gamco Investors INC. ET AL now owns 3,018,657 shares of the Wireless communications provider’s stock worth $115,675,000 after buying an additional 93,187 shares in the last quarter. Vanguard Group Inc. increased its position in shares of United States Cellular Corporation by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,746,129 shares of the Wireless communications provider’s stock worth $65,183,000 after buying an additional 104,640 shares in the last quarter. Gabelli Funds LLC increased its position in shares of United States Cellular Corporation by 6.4% in the second quarter. Gabelli Funds LLC now owns 1,304,946 shares of the Wireless communications provider’s stock worth $50,006,000 after buying an additional 78,846 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of United States Cellular Corporation by 15.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,073,994 shares of the Wireless communications provider’s stock worth $41,156,000 after buying an additional 140,120 shares in the last quarter. Finally, FMR LLC increased its position in shares of United States Cellular Corporation by 9.1% in the first quarter. FMR LLC now owns 647,496 shares of the Wireless communications provider’s stock worth $24,171,000 after buying an additional 54,000 shares in the last quarter. 15.10% of the stock is currently owned by institutional investors.

About United States Cellular Corporation

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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