United States Cellular Corp. (USM) Sees Unusually-High Trading Volume
Shares of United States Cellular Corp. (NYSE:USM) saw unusually-high trading volume on Friday . Approximately 345,281 shares changed hands during trading, an increase of 281% from the previous session’s volume of 90,653 shares.The stock last traded at $36.88 and had previously closed at $36.98.
Separately, Zacks Investment Research raised United States Cellular Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
The stock’s 50-day moving average price is $38.42 and its 200-day moving average price is $39.87. The firm has a market capitalization of $3.13 billion, a P/E ratio of 31.85 and a beta of 0.69.
United States Cellular Corp. (NYSE:USM) last released its earnings results on Friday, August 5th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.09. The business had revenue of $980 million for the quarter, compared to the consensus estimate of $973.14 million. United States Cellular Corp. had a return on equity of 2.30% and a net margin of 2.45%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share. On average, equities analysts expect that United States Cellular Corp. will post $0.51 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in USM. DIAM Co. Ltd. purchased a new position in United States Cellular Corp. during the second quarter valued at $125,000. Babson Capital Management LLC purchased a new position in United States Cellular Corp. during the first quarter valued at $206,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in United States Cellular Corp. during the first quarter valued at $210,000. BlackRock Inc. increased its position in United States Cellular Corp. by 270.7% in the second quarter. BlackRock Inc. now owns 6,039 shares of the company’s stock valued at $237,000 after buying an additional 4,410 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in United States Cellular Corp. during the second quarter valued at $254,000. Institutional investors and hedge funds own 15.01% of the company’s stock.
United States Cellular Corp. Company Profile
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company operates all of its 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 vertical industries, such as construction, retail, professional services and real estate.
Receive News & Ratings for United States Cellular Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Cellular Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.