Shares of United States Cellular Corp (NYSE:USM) have received a consensus rating of “Hold” from the six brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $30.00.
A number of research firms have recently weighed in on USM. ValuEngine downgraded shares of United States Cellular from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of United States Cellular from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 14th.
Several institutional investors have recently bought and sold shares of USM. Citigroup Inc. increased its holdings in shares of United States Cellular by 2,940.5% in the 2nd 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 during the last quarter. MUFG Americas Holdings Corp bought a new stake in shares of United States Cellular in the 3rd quarter worth about $218,000. SG Americas Securities LLC bought a new stake in shares of United States Cellular in the 4th quarter worth about $246,000. Virtu Financial LLC bought a new stake in shares of United States Cellular in the 4th quarter worth about $253,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of United States Cellular by 8.3% in the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 14.51% of the company’s stock.
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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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