United States Cellular (NYSE:USM) Trading Down 4.8%

Shares of United States Cellular Co. (NYSE:USM) fell 4.8% during trading on Tuesday . The company traded as low as $33.38 and last traded at $33.51. 83,855 shares were traded during mid-day trading, a decline of 61% from the average session volume of 213,313 shares. The stock had previously closed at $35.21.

United States Cellular Trading Up 1.9 %

The company has a current ratio of 1.55, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $2.94 billion, a P/E ratio of 54.84 and a beta of 0.46. The business has a 50 day moving average price of $35.94 and a 200 day moving average price of $40.22.

United States Cellular (NYSE:USM) last announced its quarterly earnings results on Friday, February 16th. The Wireless communications provider reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.13. The company had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $984.18 million. United States Cellular had a return on equity of 1.19% and a net margin of 1.41%. United States Cellular’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.33) EPS. Analysts anticipate that United States Cellular Co. will post 0.68 EPS for the current year.

Institutional Trading of United States Cellular

Large investors have recently bought and sold shares of the business. Quest Partners LLC bought a new stake in United States Cellular during the 4th quarter worth approximately $43,000. Tower Research Capital LLC TRC increased its stake in United States Cellular by 157.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,058 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 647 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in United States Cellular during the 1st quarter worth approximately $32,000. UBS Group AG increased its stake in United States Cellular by 85.1% during the 3rd quarter. UBS Group AG now owns 1,146 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 527 shares in the last quarter. Finally, Quarry LP bought a new stake in United States Cellular during the 1st quarter worth approximately $31,000. 18.03% of the stock is owned by institutional investors.

United States Cellular Company Profile

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.