United States Cellular (NYSE:USM) Shares Gap Down to $22.88

Shares of United States Cellular Co. (NYSE:USMGet Rating) gapped down prior to trading on Tuesday . The stock had previously closed at $22.88, but opened at $22.06. United States Cellular shares last traded at $21.69, with a volume of 1,820 shares.

Analyst Upgrades and Downgrades

Several brokerages have commented on USM. StockNews.com upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a research note on Tuesday. Raymond James downgraded shares of United States Cellular from a “strong-buy” rating to a “market perform” rating in a report on Monday, November 7th. Wells Fargo & Company downgraded shares of United States Cellular from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $33.00 to $20.00 in a report on Tuesday. Finally, JPMorgan Chase & Co. upgraded shares of United States Cellular from an “underweight” rating to a “neutral” rating and reduced their target price for the stock from $32.00 to $24.00 in a report on Tuesday, November 8th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, United States Cellular presently has a consensus rating of “Hold” and an average target price of $30.25.

United States Cellular Price Performance

The company has a market capitalization of $1.93 billion, a P/E ratio of 23.11 and a beta of 0.59. The firm’s fifty day moving average is $21.49 and its 200 day moving average is $26.11. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.30 and a current ratio of 1.52.

United States Cellular (NYSE:USMGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The Wireless communications provider reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.35). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.03 billion. United States Cellular had a net margin of 2.03% and a return on equity of 1.85%. As a group, analysts predict that United States Cellular Co. will post 0.28 earnings per share for the current fiscal year.

Insider Activity at United States Cellular

In other United States Cellular news, Director Gregory P. Josefowicz sold 1,834 shares of the business’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $19.61, for a total value of $35,964.74. Following the completion of the sale, the director now directly owns 18,981 shares of the company’s stock, valued at approximately $372,217.41. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On United States Cellular

Several large investors have recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. boosted its position in United States Cellular by 1.9% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 22,436 shares of the Wireless communications provider’s stock valued at $650,000 after buying an additional 415 shares during the period. UBS Group AG boosted its position in United States Cellular by 85.1% in the 3rd quarter. UBS Group AG now owns 1,146 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 527 shares during the period. UBS Asset Management Americas Inc. boosted its position in United States Cellular by 7.8% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 8,179 shares of the Wireless communications provider’s stock valued at $213,000 after buying an additional 593 shares during the period. Tower Research Capital LLC TRC boosted its position in United States Cellular by 157.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,058 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 647 shares during the period. Finally, Institute for Wealth Management LLC. boosted its position in United States Cellular by 6.1% in the 2nd quarter. Institute for Wealth Management LLC. now owns 13,990 shares of the Wireless communications provider’s stock valued at $405,000 after buying an additional 800 shares during the period. 15.89% of the stock is owned by hedge funds and other institutional investors.

United States Cellular Company Profile

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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 devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and internet of things devices.

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