United States Cellular (NYSE:USM) Reaches New 12-Month High – What’s Next?

United States Cellular Co. (NYSE:USM) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $68.44 and last traded at $68.32, with a volume of 25237 shares traded. The stock had previously closed at $67.58.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on USM shares. Raymond James raised shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, StockNews.com downgraded shares of United States Cellular from a “hold” rating to a “sell” rating in a report on Thursday, February 13th.

United States Cellular Stock Performance

The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of -189.39 and a beta of 0.47. The company’s fifty day simple moving average is $63.05 and its 200 day simple moving average is $59.74. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

Hedge Funds Weigh In On United States Cellular

Institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd acquired a new position in shares of United States Cellular in the fourth quarter valued at about $38,000. Lazard Asset Management LLC grew its stake in shares of United States Cellular by 1,837.5% in the fourth quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider’s stock valued at $58,000 after acquiring an additional 882 shares in the last quarter. Amundi grew its stake in shares of United States Cellular by 17.6% in the fourth quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock valued at $99,000 after acquiring an additional 244 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of United States Cellular by 37.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider’s stock valued at $104,000 after acquiring an additional 453 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of United States Cellular by 1,917.3% in the fourth quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock valued at $139,000 after acquiring an additional 2,109 shares in the last quarter. 18.03% of the stock is currently owned by institutional investors and hedge funds.

About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.