United States Cellular Corporation (NYSE:USM) has been assigned an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $37.33.
Several brokerages recently commented on USM. Zacks Investment Research raised shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, August 2nd. BidaskClub raised shares of United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th.
In related news, EVP Steven T. Campbell sold 18,292 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $39.95, for a total value of $730,765.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.
Shares of United States Cellular Corporation (NYSE USM) traded up 0.97% on Friday, reaching $37.47. 50,950 shares of the company’s stock traded hands. United States Cellular Corporation has a 12-month low of $33.30 and a 12-month high of $46.01. The stock has a 50-day moving average price of $36.68 and a 200-day moving average price of $38.05. The company has a market cap of $1.95 billion, a PE ratio of 65.74 and a beta of 0.81.
United States Cellular Corporation (NYSE:USM) last released its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The firm had revenue of $963.00 million during the quarter, compared to the consensus estimate of $949.43 million. United States Cellular Corporation had a net margin of 1.26% and a return on equity of 1.12%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 earnings per share. Equities research analysts anticipate that United States Cellular Corporation will post $0.31 EPS for the current fiscal year.
United States Cellular Corporation Company Profile
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.
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