Raymond James Remains a Buy on United States Cellular (USM)

Raymond James analyst Ric Prentiss maintained a Buy rating on United States Cellular (USMResearch Report) today and set a price target of $39.00. The company’s shares closed last Friday at $30.61.

According to TipRanks, Prentiss is a 4-star analyst with an average return of 2.1% and a 60.70% success rate. Prentiss covers the Technology sector, focusing on stocks such as Echostar, United States Cellular, and T Mobile US.

Currently, the analyst consensus on United States Cellular is a Hold with an average price target of $35.50.

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The company has a one-year high of $33.67 and a one-year low of $25.44. Currently, United States Cellular has an average volume of 117.5K.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of USM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

United States Cellular Corp. engages in the provision of wireless telecommunication services. Its products include smartphones, tablets, vehicle routers, and accessories. It offers Internet plans, prepaid and postpaid plans, and roaming services. The company was founded by Leroy T. Carlson in 1983 and is headquartered in Chicago, IL.

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