United States Cellular (NYSE:USM) Price Target Raised to $88.00

United States Cellular (NYSE:USM) had its target price hoisted by JPMorgan Chase & Co. from $86.00 to $88.00 in a research note published on Monday,Benzinga reports. They currently have an overweight rating on the Wireless communications provider’s stock.

Other equities analysts have also issued research reports about the stock. StockNews.com upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Raymond James raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a research report on Thursday, November 7th. Finally, Wells Fargo & Company raised their price target on shares of United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th.

United States Cellular Stock Performance

Shares of USM opened at $65.34 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. The stock has a market cap of $5.62 billion, a P/E ratio of -181.49 and a beta of 0.47. The company has a 50-day moving average of $63.67 and a two-hundred day moving average of $60.41. United States Cellular has a 12-month low of $32.90 and a 12-month high of $69.20.

United States Cellular (NYSE:USM) last posted its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.15. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The business had revenue of $970.00 million during the quarter, compared to analyst estimates of $964.70 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. As a group, research analysts predict that United States Cellular will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in United States Cellular by 16.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,969 shares of the Wireless communications provider’s stock valued at $2,632,000 after acquiring an additional 5,940 shares during the last quarter. Voloridge Investment Management LLC bought a new position in United States Cellular during the 4th quarter valued at $965,000. Two Sigma Advisers LP boosted its stake in United States Cellular by 16.7% during the 4th quarter. Two Sigma Advisers LP now owns 6,300 shares of the Wireless communications provider’s stock valued at $395,000 after acquiring an additional 900 shares during the last quarter. State of Wyoming boosted its stake in United States Cellular by 17.6% during the 4th quarter. State of Wyoming now owns 4,551 shares of the Wireless communications provider’s stock valued at $285,000 after acquiring an additional 680 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in United States Cellular by 5.5% during the 4th quarter. Point72 Asset Management L.P. now owns 107,091 shares of the Wireless communications provider’s stock valued at $6,717,000 after acquiring an additional 5,605 shares during the last quarter. 18.03% of the stock is currently owned by institutional investors.

About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.