U.S. Cellular Corp. (USM) Posts Quarterly Earnings Results, Beats Estimates By $0.82 EPS
U.S. Cellular Corp. (NYSE:USM) announced its earnings results on Wednesday. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.80) by $0.82, AmericanBankingNews.com reports. The company had revenue of $825.10 million for the quarter, compared to the consensus estimate of $938.20 million.
On a related note, analysts at Zacks reiterated a “neutral” rating on shares of U.S. Cellular Corp. in a research note on Thursday, December 5th. They now have a $45.00 price target on the stock. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of “Hold” and an average target price of $45.50.
Shares of U.S. Cellular Corp. (NYSE:USM) opened at 40.71 on Wednesday. U.S. Cellular Corp. has a 52-week low of $32.25 and a 52-week high of $48.98. The stock has a 50-day moving average of $42.86 and a 200-day moving average of $43.81. The company has a market cap of $3.424 billion and a P/E ratio of 35.21.
United States Cellular Corporation (NYSE:USM) is a wireless telecommunications service provider.
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