Shares of United States Cellular Corp. (NYSE:USM) were up 3.7% during mid-day trading on Friday . The company traded as high as $41.26 and last traded at $41.05, with a volume of 60,229 shares traded. The stock had previously closed at $39.57.

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 company has a market capitalization of $3.46 billion and a PE ratio of 39.17. The firm has a 50-day moving average price of $38.86 and a 200 day moving average price of $39.44.

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

In related news, Director J Samuel Crowley sold 2,025 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $42.83, for a total value of $86,730.75. Following the completion of the sale, the director now owns 4,045 shares of the company’s stock, valued at approximately $173,247.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

A number of large investors recently modified their holdings of the company. 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 valued at $1,027,000 after buying an additional 408 shares during the last quarter. Globeflex Capital L P purchased a new position in shares of United States Cellular Corp. during the fourth quarter valued at $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 valued at $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 valued at $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 valued at $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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