Brokerages Set United States Cellular Corporation (USM) Price Target at $35.50
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.
COPYRIGHT VIOLATION WARNING: This news story was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/09/16/brokerages-set-united-states-cellular-corporation-usm-price-target-at-35-50.html.
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.
Receive News & Stock Ratings for United States Cellular Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Cellular Corporation and related stocks with our FREE daily email newsletter.