United States Cellular Corp. (USM) Sees Strong Trading Volume
United States Cellular Corp. (NYSE:USM) saw unusually-high trading volume on Thursday . Approximately 80,295 shares were traded during trading, an increase of 9% from the previous session’s volume of 73,348 shares.The stock last traded at $37.79 and had previously closed at $37.47.
Separately, Zacks Investment Research upgraded shares of United States Cellular Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.
The stock has a 50 day moving average of $39.49 and a 200-day moving average of $39.84. The stock has a market cap of $3.16 billion and a P/E ratio of 32.18.
United States Cellular Corp. (NYSE:USM) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.09. The firm had revenue of $980 million for the quarter, compared to analyst estimates of $973.14 million. During the same period last year, the firm posted $0.23 EPS. The business’s revenue was up .4% compared to the same quarter last year. Equities analysts predict that United States Cellular Corp. will post $0.51 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in United States Cellular Corp. stock. Schwab Charles Investment Management Inc. boosted its stake in shares of United States Cellular Corp. (NYSE:USM) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,493 shares of the company’s stock after buying an additional 2,032 shares during the period. Schwab Charles Investment Management Inc.’s holdings in United States Cellular Corp. were worth $1,612,000 at the end of the most recent reporting period.
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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