United States Cellular (NYSE:USM) Stock Price Crosses Above 200 Day Moving Average of $41.41

United States Cellular Co. (NYSE:USM) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.41 and traded as high as $55.95. United States Cellular shares last traded at $55.95, with a volume of 176,212 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of United States Cellular from $51.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th. Wells Fargo & Company raised shares of United States Cellular from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $75.00 in a research report on Thursday, May 30th.

United States Cellular Trading Down 0.2 %

The company has a quick ratio of 1.46, a current ratio of 1.67 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $46.77 and its 200-day moving average is $41.51. The firm has a market cap of $4.74 billion, a P/E ratio of 83.25 and a beta of 0.52.

United States Cellular (NYSE:USM) last released its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.06). United States Cellular had a net margin of 1.55% and a return on equity of 1.30%. The business had revenue of $950.00 million for the quarter, compared to the consensus estimate of $957.75 million. During the same quarter in the previous year, the firm earned $0.15 EPS. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, analysts forecast that United States Cellular Co. will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United States Cellular

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jericho Capital Asset Management L.P. lifted its holdings in United States Cellular by 13.1% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 1,592,792 shares of the Wireless communications provider’s stock valued at $58,137,000 after acquiring an additional 184,000 shares during the last quarter. Caxton Associates LP acquired a new stake in United States Cellular during the 1st quarter worth about $264,000. Gabelli Funds LLC raised its holdings in United States Cellular by 1.5% during the 1st quarter. Gabelli Funds LLC now owns 659,515 shares of the Wireless communications provider’s stock worth $24,072,000 after buying an additional 9,815 shares during the period. Gamco Investors INC. ET AL raised its holdings in United States Cellular by 3.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,480,017 shares of the Wireless communications provider’s stock worth $54,021,000 after buying an additional 47,267 shares during the period. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in United States Cellular by 22.0% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 360,000 shares of the Wireless communications provider’s stock worth $13,140,000 after buying an additional 65,000 shares during the period. 18.03% of the stock is owned by institutional investors and hedge funds.

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.