United States Cellular Corporation (NYSE:USM) has been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $35.50.

USM has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of United States Cellular Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Zacks Investment Research raised shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, August 2nd.

In other news, EVP Steven T. Campbell sold 18,292 shares of United States Cellular Corporation 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its stake in United States Cellular Corporation by 8.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,710 shares of the Wireless communications provider’s stock valued at $257,000 after purchasing an additional 515 shares during the period. Cubist Systematic Strategies LLC acquired a new position in United States Cellular Corporation during the 2nd quarter valued at about $369,000. Prudential PLC acquired a new position in United States Cellular Corporation during the 2nd quarter valued at about $2,318,000. Numeric Investors LLC boosted its stake in United States Cellular Corporation by 47.3% during the 2nd quarter. Numeric Investors LLC now owns 37,700 shares of the Wireless communications provider’s stock valued at $1,445,000 after purchasing an additional 12,100 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in United States Cellular Corporation by 15.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,073,994 shares of the Wireless communications provider’s stock valued at $41,156,000 after purchasing an additional 140,120 shares during the period. 14.83% of the stock is owned by hedge funds and other institutional investors.

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Shares of United States Cellular Corporation (NYSE:USM) traded up 0.90% on Wednesday, hitting $34.91. The stock had a trading volume of 172,708 shares. United States Cellular Corporation has a one year low of $33.30 and a one year high of $46.01. The stock has a market cap of $2.97 billion, a PE ratio of 61.03 and a beta of 0.83. The company’s 50 day moving average is $38.04 and its 200 day moving average is $38.11.

United States Cellular Corporation (NYSE:USM) last released its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). United States Cellular Corporation had a net margin of 1.26% and a return on equity of 1.12%. The business had revenue of $963.00 million during the quarter, compared to analyst estimates of $949.43 million. During the same quarter in the prior year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts predict that United States Cellular Corporation will post $0.31 EPS for the current fiscal year.

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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