United States Cellular (USM) Raised to “Strong-Buy” at ValuEngine

ValuEngine upgraded shares of United States Cellular (NYSE:USM) from a buy rating to a strong-buy rating in a report published on Wednesday morning.

Other research analysts have also issued research reports about the company. Citigroup increased their price target on United States Cellular from $49.00 to $51.00 and gave the stock a buy rating in a research note on Wednesday, August 8th. Raymond James increased their target price on United States Cellular from $43.00 to $56.00 and gave the stock a buy rating in a research report on Tuesday, November 6th. B. Riley set a $53.00 target price on United States Cellular and gave the stock a hold rating in a research report on Tuesday, November 6th. Finally, Zacks Investment Research lowered United States Cellular from a strong-buy rating to a hold rating in a research report on Monday, October 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $51.00.

Shares of United States Cellular stock opened at $56.62 on Wednesday. United States Cellular has a fifty-two week low of $32.06 and a fifty-two week high of $57.00. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 97.62, a price-to-earnings-growth ratio of 34.84 and a beta of 0.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.53 and a current ratio of 2.71.

United States Cellular (NYSE:USM) last issued its quarterly earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.17. United States Cellular had a return on equity of 3.05% and a net margin of 10.21%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $993.91 million. During the same quarter in the prior year, the company posted $0.11 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts expect that United States Cellular will post 1.62 earnings per share for the current fiscal year.

In related news, EVP Michael Irizarry sold 1,746 shares of the stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $43.40, for a total value of $75,776.40. Following the transaction, the executive vice president now directly owns 59,300 shares of the company’s stock, valued at approximately $2,573,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jay Ellison sold 4,099 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $55.08, for a total value of $225,772.92. Following the completion of the transaction, the executive vice president now directly owns 3,950 shares in the company, valued at $217,566. The disclosure for this sale can be found here. Insiders sold a total of 37,636 shares of company stock worth $1,954,190 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in USM. Acadian Asset Management LLC purchased a new position in United States Cellular in the second quarter valued at about $14,753,000. Dimensional Fund Advisors LP raised its position in United States Cellular by 9.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,575,570 shares of the Wireless communications provider’s stock valued at $70,552,000 after purchasing an additional 131,834 shares during the period. Renaissance Technologies LLC raised its position in United States Cellular by 11.0% in the third quarter. Renaissance Technologies LLC now owns 918,800 shares of the Wireless communications provider’s stock valued at $41,144,000 after purchasing an additional 90,800 shares during the period. BlackRock Inc. raised its position in United States Cellular by 8.5% in the third quarter. BlackRock Inc. now owns 1,144,184 shares of the Wireless communications provider’s stock valued at $51,237,000 after purchasing an additional 89,651 shares during the period. Finally, American Century Companies Inc. purchased a new position in United States Cellular in the third quarter valued at about $3,983,000. 16.01% of the stock is currently owned by institutional investors.

About United States Cellular

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; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.

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