U.S. Cellular Corp. Sets New 1-Year High at $45.91 (USM)
Shares of U.S. Cellular Corp. (NYSE:USM) hit a new 52-week high during mid-day trading on Friday, StockRatingsNetwork reports. The stock traded as high as $45.91 and last traded at $45.82, with a volume of 34,337 shares trading hands. The stock had previously closed at $45.59.
USM has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of U.S. Cellular Corp. (NYSE:USM) in a research note to investors on Wednesday, September 4th. They now have a $45.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of U.S. Cellular Corp. (NYSE:USM) from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 9th. Finally, analysts at Raymond James raised their price target on shares of U.S. Cellular Corp. (NYSE:USM) from $40.00 to $44.00 in a research note to investors on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. U.S. Cellular Corp. presently has an average rating of “Hold” and an average price target of $39.75.
U.S. Cellular Corp. has a one year low of $32.25 and a one year high of $45.91. The stock’s 50-day moving average is $43.57 and its 200-day moving average is $38.90. The company has a market cap of $3.836 billion and a price-to-earnings ratio of 26.90.
U.S. Cellular Corp. (NYSE:USM) last announced its earnings results on Friday, August 2nd. The company reported $1.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $1.58. The company had revenue of $995.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $0.62 earnings per share. U.S. Cellular Corp.’s revenue was down 9.9% compared to the same quarter last year.
United States Cellular Corporation (NYSE:USM) is a wireless telecommunications service provider.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.