United States Cellular (NYSE:USM) released its quarterly earnings data on Friday. The Wireless communications provider reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.13, Bloomberg Earnings reports. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. United States Cellular had a positive return on equity of 0.94% and a negative net margin of 6.93%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted ($0.07) EPS.
Shares of United States Cellular (NYSE USM) traded up $2.89 during trading on Friday, hitting $35.65. The stock had a trading volume of 149,946 shares, compared to its average volume of 91,866. The firm has a market capitalization of $2,832.20, a PE ratio of -11.30, a PEG ratio of 123.41 and a beta of 0.60. The company has a current ratio of 2.23, a quick ratio of 2.08 and a debt-to-equity ratio of 0.48. United States Cellular has a 1-year low of $32.06 and a 1-year high of $44.59.
Several equities research analysts have recently weighed in on USM shares. ValuEngine lowered United States Cellular from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Zacks Investment Research raised United States Cellular from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research note on Monday, November 13th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.50.
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s 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 industries, such as construction, retail, professional services and real estate.
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