United States Cellular (NYSE:USM) Stock Crosses Above 200-Day Moving Average of $40.68

United States Cellular Co. (NYSE:USM) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $40.68 and traded as high as $54.05. United States Cellular shares last traded at $52.09, with a volume of 299,706 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of United States Cellular from $51.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Wells Fargo & Company raised shares of United States Cellular from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $38.00 to $75.00 in a research note on Thursday, May 30th.

United States Cellular Price Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.67 and a quick ratio of 1.46. The firm has a fifty day moving average of $43.03 and a two-hundred day moving average of $40.83. The stock has a market capitalization of $4.53 billion, a P/E ratio of 79.52 and a beta of 0.52.

United States Cellular (NYSE:USM) last posted its quarterly earnings results on Friday, May 3rd. The Wireless communications provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.06). The business had revenue of $950.00 million during the quarter, compared to the consensus estimate of $957.75 million. United States Cellular had a net margin of 1.55% and a return on equity of 1.30%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. On average, analysts predict that United States Cellular Co. will post 0.58 EPS for the current year.

Hedge Funds Weigh In On United States Cellular

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quest Partners LLC acquired a new stake in United States Cellular in the fourth quarter valued at approximately $43,000. Clear Street Markets LLC purchased a new stake in shares of United States Cellular during the 4th quarter valued at $105,000. Bfsg LLC acquired a new stake in shares of United States Cellular in the 4th quarter worth $137,000. DekaBank Deutsche Girozentrale purchased a new position in United States Cellular during the 3rd quarter worth $149,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in United States Cellular by 32.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,580 shares of the Wireless communications provider’s stock valued at $190,000 after buying an additional 1,117 shares in 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.