United States Cellular Corp (NYSE:USM) EVP Deirdre Drake sold 6,530 shares of United States Cellular stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $46.59, for a total transaction of $304,232.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
United States Cellular stock opened at $47.09 on Wednesday. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 38.80 and a beta of 0.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.42 and a current ratio of 2.62. United States Cellular Corp has a 52 week low of $32.33 and a 52 week high of $59.74.
United States Cellular (NYSE:USM) last released its earnings results on Friday, February 22nd. The Wireless communications provider reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.09. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. United States Cellular had a net margin of 3.81% and a return on equity of 3.41%. United States Cellular’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS. As a group, research analysts forecast that United States Cellular Corp will post 1.2 earnings per share for the current year.
Several equities analysts have commented on the stock. Zacks Investment Research cut shares of United States Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, January 12th. B. Riley set a $50.00 target price on shares of United States Cellular and gave the company a “hold” rating in a research note on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. United States Cellular has an average rating of “Buy” and a consensus price target of $52.80.
Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its stake in United States Cellular by 325.2% during the 4th quarter. Advisor Group Inc. now owns 523 shares of the Wireless communications provider’s stock valued at $27,000 after buying an additional 400 shares during the period. Bank of Montreal Can increased its stake in United States Cellular by 46.9% during the 4th quarter. Bank of Montreal Can now owns 796 shares of the Wireless communications provider’s stock valued at $41,000 after buying an additional 254 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in United States Cellular by 40.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,258 shares of the Wireless communications provider’s stock valued at $65,000 after buying an additional 365 shares during the period. Quantamental Technologies LLC acquired a new position in United States Cellular during the 4th quarter valued at about $94,000. Finally, State of Alaska Department of Revenue increased its stake in United States Cellular by 48.8% during the 1st quarter. State of Alaska Department of Revenue now owns 2,073 shares of the Wireless communications provider’s stock valued at $94,000 after buying an additional 680 shares during the period. 16.79% of the stock is currently owned by hedge funds and other institutional investors.
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About United States Cellular
United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.
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