United States Cellular (NYSE:USM) Stock Price Down 4.5%

Shares of United States Cellular Co. (NYSE:USM) fell 4.5% on Tuesday . The stock traded as low as $42.17 and last traded at $42.49. 88,469 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 259,018 shares. The stock had previously closed at $44.50.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their target price on shares of United States Cellular from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, May 13th.

United States Cellular Price Performance

The firm has a market cap of $3.71 billion, a PE ratio of 65.19 and a beta of 0.45. The firm has a fifty day simple moving average of $37.57 and a two-hundred day simple moving average of $39.78. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.46 and a current ratio of 1.67.

United States Cellular (NYSE:USM) last posted its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). The business had revenue of $950.00 million during the quarter, compared to analysts’ expectations of $957.75 million. United States Cellular had a net margin of 1.55% and a return on equity of 1.30%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. Equities analysts predict that United States Cellular Co. will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On United States Cellular

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USM. Quest Partners LLC purchased a new position in shares of United States Cellular in the 4th quarter worth approximately $43,000. Clear Street Markets LLC bought a new stake in shares of United States Cellular during the fourth quarter worth $105,000. Bfsg LLC purchased a new position in shares of United States Cellular during the fourth quarter worth approximately $137,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in United States Cellular by 226.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,463 shares of the Wireless communications provider’s stock worth $149,000 after purchasing an additional 2,403 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in United States Cellular during the 3rd quarter valued at $149,000. 18.03% of the stock is currently owned by hedge funds and other institutional investors.

United States Cellular Company Profile

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.