20.88 % to Target, Citigroup Reiterates ‘Buy’ Rating on United States Cellular (NYSE:USM) Shares Today

August 9, 2018 - By Carolyn Hewitt

United States Cellular Corporation (NYSE:USM) Logo

Investors sentiment decreased to 1.15 in 2018 Q1. Its down 0.41, from 1.56 in 2017Q4. It fall, as 12 investors sold United States Cellular Corporation shares while 29 reduced holdings. 13 funds opened positions while 34 raised stakes. 12.71 million shares or 0.52% more from 12.64 million shares in 2017Q4 were reported.

Goldman Sachs Gp has 13,404 shares. Sei Company owns 702 shares for 0% of their portfolio. American Int Grp Inc, a New York-based fund reported 293 shares. Pnc Finance Ser Grp, a Pennsylvania-based fund reported 56 shares. C M Bidwell Associate Ltd holds 0.05% or 1,485 shares. 2,292 are held by Prelude Ltd Com. Millennium Mgmt Ltd Liability reported 518,513 shares. Moreover, Northwestern Mutual Wealth Mngmt has 0% invested in United States Cellular Corporation (NYSE:USM). Walleye Trading Ltd Co holds 0% or 5,235 shares. Ameriprise holds 17,590 shares. Blackrock reported 0% stake. Gamco Et Al has 2.78M shares for 0.75% of their portfolio. Grantham Mayo Van Otterloo Ltd holds 38,700 shares. Rhumbline Advisers reported 0% stake. Dimensional Fund Limited Partnership accumulated 1.32M shares or 0.02% of the stock.

Since March 15, 2018, it had 0 insider purchases, and 7 sales for $1.04 million activity. ELLISON JAY sold 11,931 shares worth $478,552. 1,926 shares valued at $76,815 were sold by Crowley J Samuel on Monday, March 26. 1,880 shares were sold by DALY RONALD E, worth $75,718 on Thursday, March 29. 1,844 United States Cellular Corporation (NYSE:USM) shares with value of $73,612 were sold by Perez Edward.

United States Cellular (NYSE:USM) Rating Reaffirmed

Stock research analysts at Citigroup now has a $51 PT on United States Cellular (NYSE:USM). Citigroup and their recent PT gives a potential upside of 20.88 % from the company’s previous stock close. The rating has been revealed to clients and investors in an analyst report on 8 August.

United States Cellular Corporation (NYSE:USM) Ratings Coverage

Among 3 analysts covering United States Cellular (NYSE:USM), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. United States Cellular had 3 analyst reports since May 2, 2018 according to SRatingsIntel. The company was upgraded on Wednesday, May 2 by Raymond James. The rating was downgraded by JP Morgan on Wednesday, July 11 to “Underweight”. Citigroup maintained the stock with “Buy” rating in Wednesday, August 8 report.

The stock increased 2.70% or $1.11 during the last trading session, reaching $42.19. About 312,629 shares traded or 142.58% up from the average. United States Cellular Corporation (NYSE:USM) has declined 9.02% since August 9, 2017 and is downtrending. It has underperformed by 21.59% the S&P500.

Analysts await United States Cellular Corporation (NYSE:USM) to report earnings on November, 14. They expect $0.10 earnings per share, down 9.09 % or $0.01 from last year’s $0.11 per share. USM’s profit will be $8.55 million for 105.48 P/E if the $0.10 EPS becomes a reality. After $0.47 actual earnings per share reported by United States Cellular Corporation for the previous quarter, Wall Street now forecasts -78.72 % negative EPS growth.

United States Cellular Corporation provides wireless telecommunications services in the United States. The company has market cap of $3.61 billion. The firm 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. It has a 54.09 P/E ratio. It also provides roaming services; machine to machine solutions and software applications in the areas of monitor and control, business automation/operations, communication, and asset management; wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers; and accessories comprising wireless basics, such as cases, screen protectors, chargers, and memory cards.

More notable recent United States Cellular Corporation (NYSE:USM) news were published by: Benzinga.com which released: “52 Biggest Movers From Yesterday” on August 07, 2018, also Benzinga.com with their article: “56 Stocks Moving In Friday’s Mid-Day Session” published on August 03, 2018, Seekingalpha.com published: “US Cellular, TDS tumble as JPMorgan bears up” on July 11, 2018. More interesting news about United States Cellular Corporation (NYSE:USM) were released by: Twst.com and their article: “US Cellular – United States Cellular Corporation: US Cellular reports second quarter 2018 results” published on August 03, 2018 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For August 3, 2018” with publication date: August 03, 2018.

United States Cellular Corporation (NYSE:USM) Institutional Positions Chart

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