United States Cellular Corp (NYSE:USM) insider Kenneth R. Meyers sold 30,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $44.05, for a total value of $1,321,500.00. Following the sale, the insider now owns 100,632 shares of the company’s stock, valued at $4,432,839.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
United States Cellular stock traded down $0.35 during mid-day trading on Friday, reaching $44.67. The company’s stock had a trading volume of 296,884 shares, compared to its average volume of 228,189. United States Cellular Corp has a 12-month low of $32.33 and a 12-month high of $59.74. The company has a quick ratio of 2.10, a current ratio of 2.29 and a debt-to-equity ratio of 0.59. The firm has a market cap of $3.76 billion, a P/E ratio of 25.97, a P/E/G ratio of 32.12 and a beta of 0.73. The stock has a fifty day moving average of $45.97.
United States Cellular (NYSE:USM) last posted its quarterly earnings data on Thursday, May 2nd. The Wireless communications provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.16. The company had revenue of $966.00 million during the quarter, compared to the consensus estimate of $980.16 million. United States Cellular had a net margin of 4.01% and a return on equity of 3.76%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. Equities analysts expect that United States Cellular Corp will post 1.36 EPS for the current fiscal year.
Several brokerages recently weighed in on USM. ValuEngine cut shares of United States Cellular from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of United States Cellular from a “strong sell” rating to a “hold” rating in a research report on Friday, April 26th. Raymond James dropped their target price on shares of United States Cellular from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Finally, Morgan Stanley raised shares of United States Cellular from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $44.00 to $64.50 in a research report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. United States Cellular presently has a consensus rating of “Hold” and a consensus price target of $54.25.
United States Cellular Company Profile
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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