Raymond James Reiterates “Outperform” Rating for United States Cellular (NYSE:USM)

United States Cellular (NYSE:USM)‘s stock had its “outperform” rating reissued by research analysts at Raymond James in a research note issued on Monday,Benzinga reports. They presently have a $78.00 price objective on the Wireless communications provider’s stock, down from their previous price objective of $83.00. Raymond James’ price objective would indicate a potential upside of 30.53% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. StockNews.com raised shares of United States Cellular from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on shares of United States Cellular from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th.

United States Cellular Price Performance

NYSE:USM traded down $3.31 during trading hours on Monday, hitting $59.76. 42,892 shares of the stock were exchanged, compared to its average volume of 205,757. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. United States Cellular has a 52-week low of $34.00 and a 52-week high of $70.79. The company has a market cap of $5.08 billion, a P/E ratio of -166.62 and a beta of 0.40. The firm’s fifty day moving average price is $66.41 and its 200 day moving average price is $64.21.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.16). The firm had revenue of $891.00 million for the quarter, compared to analyst estimates of $924.90 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. As a group, equities research analysts anticipate that United States Cellular will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. R Squared Ltd acquired a new stake in United States Cellular during the fourth quarter worth approximately $38,000. Lazard Asset Management LLC increased its position in shares of United States Cellular by 1,837.5% during the fourth quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider’s stock worth $58,000 after purchasing an additional 882 shares in the last quarter. Amundi boosted its position in shares of United States Cellular by 17.6% in the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock valued at $99,000 after purchasing an additional 244 shares during the period. BNP Paribas Financial Markets increased its position in United States Cellular by 37.6% during the fourth quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider’s stock worth $104,000 after buying an additional 453 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in United States Cellular by 1,917.3% in the fourth quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 2,109 shares during the last quarter. Hedge funds and other institutional investors own 18.03% of the company’s stock.

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.