United States Cellular Corp (NYSE:USM) has earned an average rating of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $54.63.
A number of research firms have weighed in on USM. Zacks Investment Research lowered shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a report on Friday, April 26th. ValuEngine raised shares of Vistra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, July 3rd. Morgan Stanley boosted their target price on shares of Kimberly Clark from $132.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 18th. Finally, Raymond James reissued an “average” rating on shares of PPL in a report on Monday, May 6th.
In other news, CEO Kenneth R. Meyers sold 16,045 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $47.26, for a total value of $758,286.70. Following the transaction, the chief executive officer now owns 99,726 shares in the company, valued at approximately $4,713,050.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kenneth R. Meyers sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $44.05, for a total transaction of $1,321,500.00. Following the completion of the transaction, the insider now owns 100,632 shares in the company, valued at approximately $4,432,839.60. The disclosure for this sale can be found here. Insiders have sold a total of 105,942 shares of company stock worth $4,953,742 over the last three months. Insiders own 0.62% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its position in shares of United States Cellular by 325.2% during the 4th quarter. Advisor Group Inc. now owns 523 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 400 shares during the period. Twin Tree Management LP acquired a new position in shares of United States Cellular during the 1st quarter valued at $53,000. State of Alaska Department of Revenue lifted its position in shares of United States Cellular by 48.8% during the 1st quarter. State of Alaska Department of Revenue now owns 2,073 shares of the Wireless communications provider’s stock valued at $94,000 after acquiring an additional 680 shares during the period. Bessemer Group Inc. lifted its position in shares of United States Cellular by 15,387.5% during the 2nd quarter. Bessemer Group Inc. now owns 2,478 shares of the Wireless communications provider’s stock valued at $111,000 after acquiring an additional 2,462 shares during the period. Finally, NumerixS Investment Technologies Inc lifted its position in shares of United States Cellular by 3,500.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 3,600 shares of the Wireless communications provider’s stock valued at $164,000 after acquiring an additional 3,500 shares during the period. Institutional investors own 16.92% of the company’s stock.
Shares of United States Cellular stock traded up $0.79 during midday trading on Friday, hitting $47.89. 528,900 shares of the company traded hands, compared to its average volume of 206,869. The stock has a market capitalization of $4.14 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 35.28 and a beta of 0.72. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.10 and a current ratio of 2.29. The business has a fifty day simple moving average of $45.99. United States Cellular has a 12 month low of $32.33 and a 12 month high of $59.74.
United States Cellular (NYSE:USM) last announced its quarterly earnings results on Thursday, May 2nd. The Wireless communications provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.16. The company had revenue of $966.00 million for the quarter, compared to analyst estimates of $980.16 million. United States Cellular had a net margin of 4.01% and a return on equity of 3.76%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS. As a group, equities research analysts predict that United States Cellular will post 1.36 earnings per share for the current year.
About United States Cellular
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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