United States Cellular (NYSE:USM) Issues Earnings Results

United States Cellular (NYSE:USM) issued its quarterly earnings data on Friday. The Wireless communications provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.13 by $0.13, Briefing.com reports. The business had revenue of $922.00 million during the quarter, compared to analyst estimates of $940.40 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.54%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS.

United States Cellular Trading Up 2.8 %

NYSE USM opened at $59.10 on Tuesday. The stock’s 50 day moving average is $57.21 and its 200 day moving average is $52.48. The company has a quick ratio of 1.39, a current ratio of 1.55 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $5.08 billion, a PE ratio of -164.16 and a beta of 0.47. United States Cellular has a twelve month low of $32.01 and a twelve month high of $67.84.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company boosted their price target on shares of United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday.

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.