United States Cellular (NYSE:USM) Stock Passes Above 200-Day Moving Average of $45.87

Shares of United States Cellular Co. (NYSE:USM) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $45.87 and traded as high as $56.29. United States Cellular shares last traded at $54.79, with a volume of 124,538 shares changing hands.

Analyst Ratings Changes

USM has been the subject of several analyst reports. Wells Fargo & Company upgraded United States Cellular from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $38.00 to $75.00 in a research report on Thursday, May 30th. JPMorgan Chase & Co. boosted their price objective on United States Cellular from $51.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29th.

United States Cellular Price Performance

The company has a quick ratio of 1.39, a current ratio of 1.55 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 81.78 and a beta of 0.48. The stock’s 50-day moving average price is $54.42 and its 200-day moving average price is $45.96.

United States Cellular (NYSE:USM) last announced its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. The firm had revenue of $927.00 million for the quarter, compared to analyst estimates of $924.96 million. United States Cellular had a return on equity of 1.55% and a net margin of 1.88%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.05 EPS. Equities research analysts anticipate that United States Cellular Co. will post 0.46 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Kevin R. Lowell sold 37,597 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $49.34, for a total transaction of $1,855,035.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of USM. Summit Securities Group LLC bought a new position in shares of United States Cellular during the second quarter worth $28,000. Quest Partners LLC acquired a new position in United States Cellular in the fourth quarter valued at about $43,000. Clear Street Markets LLC bought a new stake in shares of United States Cellular in the fourth quarter worth about $105,000. SG Americas Securities LLC acquired a new stake in shares of United States Cellular during the second quarter worth about $115,000. Finally, Bailard Inc. bought a new position in shares of United States Cellular during the 2nd quarter valued at about $207,000. Institutional investors and hedge funds 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.