B. Riley set a $53.00 target price on United States Cellular (NYSE:USM) in a research note published on Tuesday morning. The firm currently has a hold rating on the Wireless communications provider’s stock. B. Riley also issued estimates for United States Cellular’s Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $1.62 EPS, FY2019 earnings at $1.73 EPS, FY2020 earnings at $1.82 EPS and FY2021 earnings at $2.08 EPS.

Other equities analysts have also issued reports about the stock. Raymond James raised their price objective on shares of United States Cellular from $43.00 to $56.00 and gave the company a buy rating in a research report on Tuesday. Zacks Investment Research raised shares of United States Cellular from a hold rating to a strong-buy rating and set a $52.00 price target on the stock in a research note on Friday, October 12th. ValuEngine raised shares of United States Cellular from a hold rating to a buy rating in a research note on Thursday, September 13th. Citigroup lifted their price target on shares of United States Cellular from $49.00 to $51.00 and gave the stock a buy rating in a research note on Wednesday, August 8th. Finally, JPMorgan Chase & Co. downgraded shares of United States Cellular from a neutral rating to an underweight rating and set a $43.00 price target on the stock. in a research note on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. United States Cellular presently has an average rating of Buy and an average price target of $51.00.

USM opened at $53.85 on Tuesday. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 33.41 and a beta of 0.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.66 and a current ratio of 2.71. United States Cellular has a 1-year low of $32.06 and a 1-year high of $56.89.

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

In related news, EVP Jay Ellison sold 7,309 shares of United States Cellular stock in a transaction on Monday, August 20th. The shares were sold at an average price of $44.68, for a total value of $326,566.12. Following the transaction, the executive vice president now directly owns 71,400 shares of the company’s stock, valued at $3,190,152. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Irizarry sold 1,746 shares of United States Cellular stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $43.40, for a total transaction of $75,776.40. Following the completion of the transaction, the executive vice president now directly owns 59,300 shares in the company, valued at $2,573,620. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,846 shares of company stock worth $2,054,983. 1.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Trexquant Investment LP purchased a new position in shares of United States Cellular in the third quarter worth $285,000. FMR LLC increased its stake in shares of United States Cellular by 3.8% in the third quarter. FMR LLC now owns 357,296 shares of the Wireless communications provider’s stock worth $16,000,000 after buying an additional 13,200 shares during the period. BlackRock Inc. increased its stake in shares of 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 worth $51,237,000 after buying an additional 89,651 shares during the period. Bank of New York Mellon Corp increased its stake in shares of United States Cellular by 4.7% in the third quarter. Bank of New York Mellon Corp now owns 124,131 shares of the Wireless communications provider’s stock worth $5,558,000 after buying an additional 5,607 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of United States Cellular by 41.9% in the third quarter. Rhumbline Advisers now owns 17,931 shares of the Wireless communications provider’s stock worth $803,000 after buying an additional 5,294 shares during the period. 15.53% of the stock is currently owned by institutional investors.

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; 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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