United States Cellular (NYSE:USM) Price Target Cut to $50.50


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United States Cellular (NYSE:USM) had its target price cut by stock analysts at Morgan Stanley from $57.00 to $50.50 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the Wireless communications provider’s stock. Morgan Stanley’s target price suggests a potential upside of 62.12% from the stock’s current price.

USM has been the topic of a number of other research reports. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price objective on shares of United States Cellular in a research note on Monday, November 16th. B. Riley dropped their target price on United States Cellular from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, November 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. United States Cellular presently has a consensus rating of “Buy” and a consensus price target of $41.42.

United States Cellular stock traded up $0.57 on Thursday, reaching $31.15. The company’s stock had a trading volume of 54 shares, compared to its average volume of 114,222. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.26 and a current ratio of 2.46. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 15.12 and a beta of 0.77. The business’s fifty day moving average price is $30.85 and its 200 day moving average price is $31.60. United States Cellular has a twelve month low of $23.91 and a twelve month high of $37.75.

United States Cellular (NYSE:USM) last posted its quarterly earnings data on Thursday, November 5th. The Wireless communications provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.67. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $996.67 million. United States Cellular had a return on equity of 4.24% and a net margin of 4.48%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. As a group, equities analysts forecast that United States Cellular will post 1.82 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Aperio Group LLC raised its position in shares of United States Cellular by 12.7% during the third quarter. Aperio Group LLC now owns 261,860 shares of the Wireless communications provider’s stock worth $7,733,000 after acquiring an additional 29,592 shares during the last quarter. AQR Capital Management LLC raised its position in shares of United States Cellular by 11.9% during the third quarter. AQR Capital Management LLC now owns 215,492 shares of the Wireless communications provider’s stock worth $6,363,000 after acquiring an additional 22,939 shares during the last quarter. State Street Corp raised its position in shares of United States Cellular by 4.2% during the third quarter. State Street Corp now owns 186,280 shares of the Wireless communications provider’s stock worth $5,501,000 after acquiring an additional 7,548 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in United States Cellular by 29.3% in the second quarter. Goldman Sachs Group Inc. now owns 115,966 shares of the Wireless communications provider’s stock valued at $3,580,000 after purchasing an additional 26,278 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in United States Cellular by 55.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 109,326 shares of the Wireless communications provider’s stock valued at $3,228,000 after purchasing an additional 38,986 shares during the last quarter. Institutional investors own 16.58% 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 postpaid and prepaid service plans with voice, messaging, and data usage option services. It also provides machine to machine solutions and software applications in the areas of monitor and control, business automation/operations, communication, and asset management; wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers; and accessories comprising cases, screen protectors, chargers, and memory cards.

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Analyst Recommendations for United States Cellular (NYSE:USM)

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