Fintel reports that on May 8, 2023, Wells Fargo maintained coverage of United States Cellular (NYSE:USM) with a Underweight recommendation.
Analyst Price Forecast Suggests 57.77% Upside
As of April 24, 2023, the average one-year price target for United States Cellular is 27.20. The forecasts range from a low of 22.22 to a high of $35.70. The average price target represents an increase of 57.77% from its latest reported closing price of 17.24.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for United States Cellular is 4,263MM, an increase of 2.85%. The projected annual non-GAAP EPS is 0.96.
What is the Fund Sentiment?
There are 324 funds or institutions reporting positions in United States Cellular. This is a decrease of 35 owner(s) or 9.75% in the last quarter. Average portfolio weight of all funds dedicated to USM is 0.08%, a decrease of 2.14%. Total shares owned by institutions increased in the last three months by 3.82% to 16,455K shares. 
The put/call ratio of USM is 4.76, indicating a bearish outlook.
What are Other Shareholders Doing?
Gamco Investors, Inc. Et Al holds 1,208K shares representing 1.43% ownership of the company. In it's prior filing, the firm reported owning 1,145K shares, representing an increase of 5.20%. The firm decreased its portfolio allocation in USM by 22.82% over the last quarter.
Private Management Group holds 1,075K shares representing 1.27% ownership of the company. In it's prior filing, the firm reported owning 1,049K shares, representing an increase of 2.48%. The firm decreased its portfolio allocation in USM by 21.78% over the last quarter.
DFSVX - U.s. Small Cap Value Portfolio - Institutional Class holds 845K shares representing 1.00% ownership of the company. In it's prior filing, the firm reported owning 790K shares, representing an increase of 6.51%. The firm decreased its portfolio allocation in USM by 18.40% over the last quarter.
Gabelli Funds holds 708K shares representing 0.84% ownership of the company. In it's prior filing, the firm reported owning 689K shares, representing an increase of 2.67%. The firm decreased its portfolio allocation in USM by 22.42% over the last quarter.
Edmond De Rothschild Holding holds 490K shares representing 0.58% ownership of the company. In it's prior filing, the firm reported owning 360K shares, representing an increase of 26.53%. The firm decreased its portfolio allocation in USM by 3.88% over the last quarter.
United States Cellular Background Information
(This description is provided by the company.)
UScellular is the fourth-largest full-service wireless carrier in the United States, providing national network coverage and industry-leading innovations designed to elevate the customer experience. The Chicago-based carrier is building a stronger network with the latest 5G technology and offers a wide range of communication services that enhance consumers' lives, increase the competitiveness of local businesses and improve the efficiency of government operations.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
