J.C. Penney Company, Inc. (NYSE:JCP) gapped higher last Thursday, as investors and analysts applauded an upbeat sales forecast for 2014. While the shares are still 22% lower year-to-date, last seen at $7.13, options traders on Friday purchased calls to either gamble on more upside this week, or insure their short stock positions. J.C. Penney Company, Inc. (NYSE:JCP) stock opened at $7.11 in last session, and closed at $7.96, while the day range of JCP stock is $7.04-$7.99.The stock showed a positive weekly performance of 52.39%.
Several other analysts have also recently commented on the stock. Analysts at Johnson Rice downgraded shares of Dresser-Rand Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. Separately, analysts at Natixis downgraded shares of Dresser-Rand Group from a “neutral” rating to a “reduce” rating in a research note on Tuesday. Dresser-Rand Group Inc. (NYSE:DRC) stock opened at $57.66, in last session and closed at $57.61, by gained 6.04%.The 52 week range was $51.46-$67.38. Company’s market capitalization is $4.40 billion.
Telephone & Data Systems (NYSE:TDS) was upgraded by stock analysts at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a report issued on Monday, Analyst Ratings News reports. Telephone & Data Systems, Inc. (NYSE:TDS) stock gained 7.11% and finished the last session at $24.41.The EPS of the stock remained 0.96.Company’s market capitalization is $2.65 billion.
United States Cellular Corporation (NYSE:USM) was affected by billing system issues that affected churn as well as the overall financial performance. The company also divested from underperforming markets. This would enable the company to deploy resources across more profitable markets. The company also shifted to a new and more effective billing and operational support system. It introduced Apple products as well as shared data plans in order to monetize its 4G LTE network. Currently, the company’s 90% of customers are covered under the 4G LTE network. This gives the company a strategic advantage over its competitors and will assist the company in its data growth strategies. United States Cellular Corporation (NYSE:USM) stock opened the session at $36.88, and closed the session at $39.50.The 52 week range of the USM stock remained $32.25-48.98 and the day range was $36.88-$40.84.
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