United States Cellular Corporation (NYSE:USM) EVP Steven T. Campbell sold 18,292 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $39.95, for a total transaction of $730,765.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

United States Cellular Corporation (USM) traded up 0.10% on Friday, reaching $38.84. 65,655 shares of the company traded hands. The stock’s 50-day moving average is $38.38 and its 200-day moving average is $39.15. United States Cellular Corporation has a 1-year low of $33.30 and a 1-year high of $46.01. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 67.90 and a beta of 0.82.

United States Cellular Corporation (NYSE:USM) last posted its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.03. The firm had revenue of $963 million during the quarter, compared to the consensus estimate of $949.43 million. United States Cellular Corporation had a return on equity of 1.12% and a net margin of 1.26%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 earnings per share. Equities research analysts expect that United States Cellular Corporation will post $0.44 EPS for the current year.

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Several research analysts recently commented on USM shares. BidaskClub raised shares of United States Cellular Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. ValuEngine raised shares of United States Cellular Corporation from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Finally, Zacks Investment Research downgraded shares of United States Cellular Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $38.00.

Several institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its position in United States Cellular Corporation by 98.5% in the first quarter. Bank of Montreal Can now owns 3,710 shares of the Wireless communications provider’s stock worth $138,000 after buying an additional 1,841 shares during the last quarter. Quotient Investors LLC purchased a new position in United States Cellular Corporation during the first quarter worth $329,000. Swiss National Bank raised its position in United States Cellular Corporation by 6.3% in the first quarter. Swiss National Bank now owns 17,000 shares of the Wireless communications provider’s stock worth $635,000 after buying an additional 1,000 shares during the last quarter. Clinton Group Inc. purchased a new position in United States Cellular Corporation during the first quarter worth $1,259,000. Finally, Tudor Investment Corp ET AL raised its position in United States Cellular Corporation by 16.9% in the first quarter. Tudor Investment Corp ET AL now owns 9,000 shares of the Wireless communications provider’s stock worth $336,000 after buying an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 14.76% of the company’s stock.

About United States Cellular Corporation

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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