United States Cellular Corp. (USM) Sees Unusually-High Trading Volume
United States Cellular Corp. (NYSE:USM) saw unusually-high trading volume on Thursday . Approximately 80,295 shares changed hands during mid-day 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 raised United States Cellular Corp. from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Tuesday, August 9th.
The firm has a market cap of $3.22 billion and a PE ratio of 32.82. The firm’s 50 day moving average is $39.52 and its 200-day moving average is $39.83.
United States Cellular Corp. (NYSE:USM) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The firm had revenue of $980 million for the quarter, compared to analysts’ expectations of $973.14 million. During the same quarter last year, the company posted $0.23 EPS. The firm’s revenue was up .4% compared to the same quarter last year. Equities analysts forecast that United States Cellular Corp. will post $0.51 earnings per share for the current year.
An institutional investor recently raised its position in United States Cellular Corp. stock. Schwab Charles Investment Management Inc. boosted its position 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 SEC. The fund 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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