United States Cellular (NYSE:USM) Issues Earnings Results

United States Cellular (NYSE:USM) announced its earnings results on Friday. The Wireless communications provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.15, Zacks reports. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. During the same quarter in the previous year, the company earned $0.23 earnings per share.

United States Cellular Price Performance

Shares of USM traded down $1.38 during mid-day trading on Friday, reaching $65.67. The stock had a trading volume of 138,446 shares, compared to its average volume of 111,993. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of -182.95 and a beta of 0.47. United States Cellular has a 12 month low of $32.01 and a 12 month high of $69.20. The business has a fifty day moving average of $63.40 and a 200 day moving average of $59.96. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57.

Analysts Set New Price Targets

A number of analysts have commented on USM shares. Wells Fargo & Company upped their target price on shares of United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, November 4th. StockNews.com raised shares of United States Cellular from a “sell” rating to a “hold” rating in a report on Friday. Finally, Raymond James raised shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 target price for the company in a report on Thursday, November 7th.

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.