United States Cellular (NYSE:USM) Reaches New 52-Week High at $49.89

United States Cellular Co. (NYSE:USM)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $49.89 and last traded at $47.19, with a volume of 1664280 shares traded. The stock had previously closed at $35.99.

United States Cellular Price Performance

The stock has a market capitalization of $3.91 billion, a P/E ratio of 62.06 and a beta of 0.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 1.55. The stock has a 50-day simple moving average of $35.64 and a 200 day simple moving average of $39.60.

United States Cellular (NYSE:USM) last announced its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). The firm had revenue of $950.00 million during the quarter, compared to analyst estimates of $957.75 million. United States Cellular had a return on equity of 1.30% and a net margin of 1.55%. United States Cellular’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. On average, equities analysts forecast that United States Cellular Co. will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of United States Cellular

A number of institutional investors have recently bought and sold shares of USM. Quest Partners LLC bought a new stake in United States Cellular in the fourth quarter valued at approximately $43,000. Clear Street Markets LLC acquired a new stake in shares of United States Cellular during the fourth quarter worth about $105,000. Bfsg LLC acquired a new position in shares of United States Cellular in the 4th quarter valued at approximately $137,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in United States Cellular by 226.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,463 shares of the Wireless communications provider’s stock worth $149,000 after purchasing an additional 2,403 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in United States Cellular in the third quarter valued at approximately $149,000. Institutional investors and hedge funds own 18.03% of the company’s stock.

About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.