United States Cellular Co. (NYSE:USM – Get Free Report) shot up 7.4% during trading on Monday . The company traded as high as $37.06 and last traded at $36.63. 55,321 shares were traded during trading, a decline of 74% from the average session volume of 215,230 shares. The stock had previously closed at $34.10.
United States Cellular Stock Up 5.9 %
The firm’s 50 day moving average price is $35.51 and its two-hundred day moving average price is $39.72. The firm has a market capitalization of $3.07 billion, a PE ratio of 53.90 and a beta of 0.45. The company has a quick ratio of 1.33, a current ratio of 1.55 and a debt-to-equity ratio of 0.66.
United States Cellular (NYSE:USM – Get Free Report) last posted its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). United States Cellular had a net margin of 1.55% and a return on equity of 1.30%. The firm had revenue of $950.00 million during the quarter, compared to analysts’ expectations of $957.75 million. During the same period in the previous year, the company earned $0.15 earnings per share. The business’s quarterly revenue was down 3.7% on a year-over-year basis. As a group, research analysts forecast that United States Cellular Co. will post 0.74 EPS for the current fiscal year.
Institutional Investors Weigh In On United States Cellular
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.
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