A share price of United States Cellular Corporation [USM] is currently trading at $62.95, up 7.22%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The USM shares have gain 12.21% over the last week, with a monthly amount glided 11.63%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
United States Cellular Corporation [NYSE: USM] stock has seen the most recent analyst activity on May 30, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $75 from $38. Previously, Wells Fargo upgraded its rating to Equal Weight on August 09, 2023, and elevated its price target to $38. On August 08, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $52 on the stock. Wells Fargo downgraded its rating to a Underweight and decreased its price target to $20 on January 10, 2023. JP Morgan upgraded its rating to a Neutral and reduced its price target to $24 on November 08, 2022. Raymond James downgraded its rating to Mkt Perform for this stock on November 07, 2022. In a note dated April 19, 2022, Morgan Stanley downgraded an Equal-Weight rating on this stock but restated the target price of $37.
United States Cellular Corporation experienced fluctuations in its stock price throughout the past year between $32.01 and $60.43. Currently, Wall Street analysts expect the stock to reach $75 within the next 12 months. United States Cellular Corporation [NYSE: USM] shares were valued at $62.95 at the most recent close of the market. An investor can expect a potential return of 19.14% based on the average USM price forecast.
Analyzing the USM fundamentals
Trailing Twelve Months sales for United States Cellular Corporation [NYSE:USM] were 3.84B which represents -3.13% decline. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 60.04 points at the first support level, and at 57.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.85, and for the 2nd resistance point, it is at 70.75.
Ratios To Look Out For
To put it in perspective, the Current Ratio for United States Cellular Corporation [NYSE:USM] is 1.55. In addition, the Quick Ratio stands at 1.39 and the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 1.16 and price to earnings (TTM) ratio is 76.37.
Transactions by insiders
Recent insider trading involved Lowell Kevin R, EVP, Chief People Officer, that happened on Aug 05 ’24 when 37597.0 shares were sold. Officer, KEVIN R LOWELL completed a deal on Aug 05 ’24 to buy 37597.0 shares.
