United States Cellular (NYSE:USM) Releases Quarterly Earnings Results, Beats Expectations By $0.15 EPS

United States Cellular (NYSE:USM) posted its quarterly earnings results on Friday. The Wireless communications provider reported $0.05 earnings per share for the quarter, topping 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 prior year, the business earned $0.23 earnings per share.

United States Cellular Trading Down 1.9 %

United States Cellular stock traded down $1.26 during mid-day trading on Friday, hitting $65.79. 156,771 shares of the company’s stock were exchanged, compared to its average volume of 112,396. United States Cellular has a fifty-two week low of $32.01 and a fifty-two week high of $69.20. The company’s 50 day simple moving average is $63.40 and its 200-day simple moving average is $59.96. The firm has a market capitalization of $5.66 billion, a P/E ratio of -182.74 and a beta of 0.47. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. StockNews.com raised shares of United States Cellular from a “sell” rating to a “hold” rating in a report on Friday. Wells Fargo & Company lifted 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. Finally, Raymond James raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a research note on Thursday, November 7th.

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.