BidaskClub upgraded shares of United States Cellular Corporation (NYSE:USM) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other research firms also recently commented on USM. Zacks Investment Research raised United States Cellular Corporation from a hold rating to a buy rating and set a $44.00 target price for the company in a report on Tuesday, May 9th. ValuEngine upgraded United States Cellular Corporation from a sell rating to a hold rating in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $38.00.

Shares of United States Cellular Corporation (NYSE USM) traded up 2.87% during mid-day trading on Friday, hitting $39.78. 169,542 shares of the stock were exchanged. United States Cellular Corporation has a 12 month low of $33.30 and a 12 month high of $46.01. The firm has a market cap of $2.07 billion, a P/E ratio of 69.79 and a beta of 0.82. The stock’s 50 day moving average is $38.18 and its 200 day moving average is $39.29.

United States Cellular Corporation (NYSE:USM) last posted its earnings results on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.03. The company had revenue of $963 million during the quarter, compared to analysts’ expectations of $949.43 million. United States Cellular Corporation had a net margin of 1.63% and a return on equity of 1.45%. United States Cellular Corporation’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS. Analysts expect that United States Cellular Corporation will post $0.49 EPS for the current fiscal year.

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In other news, EVP Jay Ellison sold 8,447 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $38.85, for a total value of $328,165.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Deirdre Drake sold 6,755 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $38.72, for a total value of $261,553.60. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of United States Cellular Corporation by 0.6% in the fourth quarter. State Street Corp now owns 204,532 shares of the Wireless communications provider’s stock worth $8,943,000 after buying an additional 1,179 shares during the period. Norges Bank purchased a new stake in shares of United States Cellular Corporation during the fourth quarter worth about $1,340,000. Teachers Advisors LLC boosted its stake in shares of United States Cellular Corporation by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 12,788 shares of the Wireless communications provider’s stock worth $559,000 after buying an additional 691 shares during the period. Bank of Montreal Can boosted its stake in shares of United States Cellular Corporation by 98.5% in the first quarter. Bank of Montreal Can now owns 3,710 shares of the Wireless communications provider’s stock worth $138,000 after buying an additional 1,841 shares during the period. Finally, Quotient Investors LLC purchased a new stake in shares of United States Cellular Corporation during the first quarter worth about $329,000. 14.78% of the stock is owned by hedge funds and other institutional investors.

About United States Cellular Corporation

United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.

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