United States Cellular Corp (USM) Given Average Rating of “Buy” by Brokerages

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Shares of United States Cellular Corp (NYSE:USM) have been given a consensus recommendation of “Buy” by the six analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $51.00.

Several analysts have recently issued reports on USM shares. Raymond James increased their price target on shares of United States Cellular from $43.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, November 6th. ValuEngine raised shares of United States Cellular from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Citigroup increased their price target on shares of United States Cellular from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. B. Riley set a $53.00 price target on shares of United States Cellular and gave the stock a “hold” rating in a research report on Tuesday, November 6th. Finally, Zacks Investment Research cut shares of United States Cellular from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 8th.

In related news, CFO Steven T. Campbell sold 21,329 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $51.85, for a total value of $1,105,908.65. Following the sale, the chief financial officer now owns 89,545 shares of the company’s stock, valued at $4,642,908.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jay Ellison sold 7,309 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $44.68, for a total transaction of $326,566.12. Following the completion of the sale, the executive vice president now directly owns 71,400 shares in the company, valued at approximately $3,190,152. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,846 shares of company stock worth $2,054,983. 1.90% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in United States Cellular by 9.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,575,570 shares of the Wireless communications provider’s stock valued at $70,552,000 after acquiring an additional 131,834 shares in the last quarter. Gabelli Funds LLC raised its holdings in United States Cellular by 1.5% during the second quarter. Gabelli Funds LLC now owns 1,226,878 shares of the Wireless communications provider’s stock worth $45,444,000 after purchasing an additional 18,132 shares in the last quarter. BlackRock Inc. raised its holdings in United States Cellular by 8.5% during the third quarter. BlackRock Inc. now owns 1,144,184 shares of the Wireless communications provider’s stock worth $51,237,000 after purchasing an additional 89,651 shares in the last quarter. Renaissance Technologies LLC raised its holdings in United States Cellular by 8.6% during the second quarter. Renaissance Technologies LLC now owns 828,000 shares of the Wireless communications provider’s stock worth $30,669,000 after purchasing an additional 65,400 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in United States Cellular by 36.1% during the third quarter. Acadian Asset Management LLC now owns 542,303 shares of the Wireless communications provider’s stock worth $24,286,000 after purchasing an additional 143,879 shares in the last quarter. 15.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of USM traded up $0.16 during mid-day trading on Tuesday, hitting $53.91. 149,100 shares of the company’s stock were exchanged, compared to its average volume of 139,485. The stock has a market capitalization of $4.62 billion, a PE ratio of 92.95, a P/E/G ratio of 33.17 and a beta of 0.35. United States Cellular has a fifty-two week low of $32.06 and a fifty-two week high of $56.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.53 and a current ratio of 2.71.

United States Cellular (NYSE:USM) last issued its quarterly earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.17. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $993.91 million. United States Cellular had a net margin of 10.21% and a return on equity of 3.05%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, sell-side analysts predict that United States Cellular will post 1.62 earnings per share for the current year.

United States Cellular Company Profile

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.

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