United States Cellular (NYSE:USM) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

United States Cellular Co. (NYSE:USM)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $57.43 and traded as high as $63.82. United States Cellular shares last traded at $63.71, with a volume of 66,377 shares.

Analyst Upgrades and Downgrades

USM has been the subject of a number of research analyst reports. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Wells Fargo & Company raised their target price on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Raymond James upgraded shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Thursday, November 7th.

United States Cellular Price Performance

The company has a market cap of $5.48 billion, a P/E ratio of -176.97 and a beta of 0.48. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. The company has a fifty day simple moving average of $62.35 and a 200-day simple moving average of $57.52.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.13 by $0.13. The business had revenue of $922.00 million during the quarter, compared to the consensus estimate of $940.40 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. United States Cellular’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 earnings per share. On average, sell-side analysts predict that United States Cellular Co. will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in USM. Point72 Asset Management L.P. acquired a new position in United States Cellular in the 2nd quarter worth approximately $22,394,000. Dimensional Fund Advisors LP lifted its holdings in shares of United States Cellular by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider’s stock valued at $128,349,000 after purchasing an additional 72,843 shares in the last quarter. Algert Global LLC boosted its position in shares of United States Cellular by 220.8% in the second quarter. Algert Global LLC now owns 76,726 shares of the Wireless communications provider’s stock worth $4,283,000 after buying an additional 52,806 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of United States Cellular by 28.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 143,021 shares of the Wireless communications provider’s stock valued at $7,816,000 after buying an additional 31,934 shares in the last quarter. Finally, American Century Companies Inc. raised its position in United States Cellular by 8.7% during the second quarter. American Century Companies Inc. now owns 327,931 shares of the Wireless communications provider’s stock valued at $18,305,000 after buying an additional 26,369 shares during the period. 18.03% of the stock is owned by hedge funds and other institutional investors.

About United States Cellular

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.