United States Cellular (NYSE:USM – Get Free Report) announced its quarterly earnings results on Friday. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.15, Zacks reports. The firm had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $964.70 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. During the same period in the prior year, the business posted $0.23 earnings per share.
United States Cellular Stock Down 2.8 %
Shares of United States Cellular stock opened at $65.18 on Friday. United States Cellular has a 1 year low of $32.01 and a 1 year high of $69.20. The business has a 50-day moving average of $63.45 and a two-hundred day moving average of $60.14. The company has a market capitalization of $5.61 billion, a P/E ratio of -181.06 and a beta of 0.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39.
Analyst Ratings Changes
A number of equities analysts have commented on USM shares. StockNews.com raised United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday. Raymond James raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th.
United States Cellular Company Profile
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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