B. Riley Reiterates “$53.00” Price Target for United States Cellular (USM)

B. Riley set a $53.00 price objective on United States Cellular (NYSE:USM) in a research report sent to investors on Tuesday. The brokerage 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.

USM has been the topic of a number of other reports. Zacks Investment Research cut United States Cellular from a hold rating to a sell rating in a research note on Sunday, July 15th. Raymond James raised their price objective on United States Cellular from $43.00 to $56.00 and gave the company a buy rating in a research note on Tuesday. ValuEngine raised United States Cellular from a sell rating to a hold rating in a research note on Tuesday, August 7th. Citigroup raised their price objective on United States Cellular from $49.00 to $51.00 and gave the company a buy rating in a research note on Wednesday, August 8th. Finally, JPMorgan Chase & Co. cut United States Cellular from a neutral rating to an underweight rating and set a $43.00 price objective on the stock. in a research note on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. United States Cellular has a consensus rating of Buy and an average target price of $51.00.

Shares of NYSE:USM opened at $52.99 on Tuesday. United States Cellular has a 12-month low of $32.06 and a 12-month high of $56.89. The stock has a market cap of $4.44 billion, a PE ratio of 91.36, a P/E/G ratio of 38.52 and a beta of 0.35. The company has a current ratio of 2.71, a quick ratio of 2.66 and a debt-to-equity ratio of 0.40.

United States Cellular (NYSE:USM) last announced its quarterly earnings data on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $993.91 million. During the same period last year, the firm earned $0.11 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, analysts anticipate that United States Cellular will post 1.62 EPS for the current year.

In other United States Cellular news, Director Harry J. Harczak, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $52.05, for a total value of $260,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven T. Campbell sold 21,329 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $51.85, for a total transaction of $1,105,908.65. Following the completion of the sale, the chief financial officer now owns 89,545 shares of the company’s stock, valued at $4,642,908.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,846 shares of company stock valued at $2,054,983. 1.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its holdings in United States Cellular by 241.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,075 shares of the Wireless communications provider’s stock worth $188,000 after buying an additional 3,588 shares during the period. Capital Fund Management S.A. bought a new position in shares of United States Cellular during the second quarter valued at approximately $222,000. Janney Montgomery Scott LLC bought a new position in shares of United States Cellular during the third quarter valued at approximately $302,000. People s United Financial Inc. bought a new position in shares of United States Cellular during the second quarter valued at approximately $257,000. Finally, GSA Capital Partners LLP bought a new position in shares of United States Cellular during the second quarter valued at approximately $265,000. Institutional investors and hedge funds own 15.53% 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; 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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