Shares of United States Cellular Corp. (NYSE:USM) saw unusually-strong trading volume on Thursday . Approximately 121,377 shares were traded during trading, an increase of 76% from the previous session’s volume of 68,987 shares.The stock last traded at $39.57 and had previously closed at $40.35.

Separately, Zacks Investment Research lowered shares of United States Cellular Corp. from a “buy” rating to a “hold” rating in a research report on Monday, April 25th.

The firm has a market capitalization of $3.34 billion and a P/E ratio of 37.76. The firm’s 50-day moving average is $38.76 and its 200-day moving average is $39.43.

United States Cellular Corp. (NYSE:USM) last issued its quarterly earnings data on Friday, May 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.16. During the same period in the previous year, the firm posted $1.89 earnings per share. The business earned $958 million during the quarter, compared to the consensus estimate of $975.59 million. The business’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts expect that United States Cellular Corp. will post $0.51 earnings per share for the current year.

In other United States Cellular Corp. news, Director J Samuel Crowley sold 2,025 shares of United States Cellular Corp. stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $42.83, for a total transaction of $86,730.75. Following the completion of the transaction, the director now directly owns 4,045 shares of the company’s stock, valued at $173,247.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Several hedge funds and institutional investors recently modified their holdings of the stock. California State Teachers Retirement System boosted its position in shares of United States Cellular Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 25,163 shares of the company’s stock worth $1,027,000 after buying an additional 408 shares during the last quarter. Globeflex Capital L P bought a new position in shares of United States Cellular Corp. during the fourth quarter worth about $1,321,000. Russell Frank Co boosted its position in shares of United States Cellular Corp. by 384.9% in the fourth quarter. Russell Frank Co now owns 42,170 shares of the company’s stock worth $1,726,000 after buying an additional 33,474 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in shares of United States Cellular Corp. by 22.0% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 93,942 shares of the company’s stock worth $3,834,000 after buying an additional 16,963 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of United States Cellular Corp. by 4.0% in the fourth quarter. California Public Employees Retirement System now owns 105,855 shares of the company’s stock worth $4,320,000 after buying an additional 4,100 shares during the last quarter.

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.

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