United States Cellular Co. (NYSE:USM – Get Free Report) shares shot up 10.1% during trading on Friday . The company traded as high as $65.22 and last traded at $64.66. 64,640 shares changed hands during trading, a decline of 73% from the average session volume of 237,795 shares. The stock had previously closed at $58.71.
United States Cellular Price Performance
The company has a market cap of $5.35 billion, a price-to-earnings ratio of 93.96 and a beta of 0.48. The company has a fifty day simple moving average of $55.49 and a two-hundred day simple moving average of $50.41. The company has a quick ratio of 1.39, a current ratio of 1.55 and a debt-to-equity ratio of 0.62.
United States Cellular (NYSE:USM – Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. United States Cellular had a net margin of 1.88% and a return on equity of 1.55%. The firm had revenue of $927.00 million for the quarter, compared to analysts’ expectations of $924.96 million. During the same period in the prior year, the company earned $0.05 EPS. The firm’s revenue was down 3.1% on a year-over-year basis. On average, equities research analysts anticipate that United States Cellular Co. will post 0.61 earnings per share for the current fiscal year.
Insider Activity
Hedge Funds Weigh In On United States Cellular
Several hedge funds have recently bought and sold shares of the stock. Summit Securities Group LLC purchased a new stake in United States Cellular in the 2nd quarter valued at about $28,000. SG Americas Securities LLC acquired a new position in shares of United States Cellular in the 2nd quarter valued at about $115,000. Bailard Inc. purchased a new stake in shares of United States Cellular during the 2nd quarter worth about $207,000. Invesco LLC acquired a new stake in United States Cellular during the 2nd quarter worth approximately $214,000. Finally, The Manufacturers Life Insurance Company purchased a new position in United States Cellular in the second quarter valued at approximately $218,000. Hedge funds and other institutional investors own 18.03% of the company’s stock.
About United States Cellular
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.
Further Reading
- Five stocks we like better than United States Cellular
- What Are Trending Stocks? Trending Stocks Explained
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
- How Investors Can Find the Best Cheap Dividend Stocks
- MarketBeat Week in Review – 10/14 – 10/18
Receive News & Ratings for United States Cellular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Cellular and related companies with MarketBeat.com's FREE daily email newsletter.