Shares of United States Cellular Corporation (NYSE:USM) have received an average recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $37.33.

USM has been the topic of several recent analyst reports. BidaskClub lowered shares of United States Cellular Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Zacks Investment Research upgraded shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Thursday.

In other news, EVP Steven T. Campbell sold 18,292 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $39.95, for a total transaction of $730,765.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in USM. Sei Investments Co. grew its position in shares of United States Cellular Corporation by 19.7% during the first quarter. Sei Investments Co. now owns 2,897 shares of the Wireless communications provider’s stock worth $108,000 after acquiring an additional 476 shares during the last quarter. Citigroup Inc. grew its position in shares of United States Cellular Corporation by 2,940.5% during the second quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock worth $130,000 after acquiring an additional 3,264 shares during the last quarter. Legal & General Group Plc grew its position in shares of United States Cellular Corporation by 183.9% during the second quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock worth $241,000 after acquiring an additional 4,068 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of United States Cellular Corporation by 8.3% during the second quarter. Public Employees Retirement System of Ohio now owns 6,710 shares of the Wireless communications provider’s stock worth $257,000 after acquiring an additional 515 shares during the last quarter. Finally, Parkwood LLC purchased a new position in shares of United States Cellular Corporation during the second quarter worth approximately $259,000. Institutional investors and hedge funds own 14.83% of the company’s stock.

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United States Cellular Corporation (USM) traded down 0.27% during mid-day trading on Friday, reaching $36.92. 66,307 shares of the company were exchanged. The stock has a 50-day moving average of $36.74 and a 200 day moving average of $38.03. United States Cellular Corporation has a 1-year low of $33.30 and a 1-year high of $46.01. The firm has a market capitalization of $3.14 billion, a P/E ratio of 64.55 and a beta of 0.81.

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

United States Cellular Corporation 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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