United States Cellular Corporation (NYSE:USM) – Stock analysts at Gabelli lifted their FY2017 earnings per share (EPS) estimates for United States Cellular Corporation in a report issued on Thursday. Gabelli analyst S. Dluzhevskiy now forecasts that the Wireless communications provider will post earnings of $0.15 per share for the year, up from their prior estimate of $0.05. Gabelli also issued estimates for United States Cellular Corporation’s FY2019 earnings at $0.50 EPS, FY2020 earnings at $0.65 EPS and FY2021 earnings at $0.90 EPS.

Several other research analysts have also recently issued reports on USM. Zacks Investment Research raised United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, May 9th. ValuEngine raised United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, BidaskClub cut United States Cellular Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $38.00.

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United States Cellular Corporation (USM) opened at 39.11 on Monday. The firm has a 50-day moving average price of $38.49 and a 200-day moving average price of $38.74. United States Cellular Corporation has a 12 month low of $33.30 and a 12 month high of $46.01. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 68.37 and a beta of 0.82.

United States Cellular Corporation (NYSE:USM) last posted its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.03. The company had revenue of $963 million during the quarter, compared to analysts’ expectations of $949.43 million. United States Cellular Corporation had a return on equity of 1.12% and a net margin of 1.26%. United States Cellular Corporation’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS.

Several hedge funds have recently bought and sold shares of USM. Sei Investments Co. increased its stake in United States Cellular Corporation by 19.7% in the first quarter. Sei Investments Co. now owns 2,897 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 476 shares during the last quarter. Citigroup Inc. increased its stake in United States Cellular Corporation by 2,940.5% in the second quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock valued at $130,000 after buying an additional 3,264 shares during the last quarter. Bank of Montreal Can increased its stake in United States Cellular Corporation by 98.5% in the first quarter. Bank of Montreal Can now owns 3,710 shares of the Wireless communications provider’s stock valued at $138,000 after buying an additional 1,841 shares during the last quarter. Legal & General Group Plc increased its stake in United States Cellular Corporation by 183.9% in the second quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock valued at $241,000 after buying an additional 4,068 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in United States Cellular Corporation by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 6,710 shares of the Wireless communications provider’s stock valued at $257,000 after buying an additional 515 shares during the last quarter. 14.83% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Steven T. Campbell sold 18,292 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $39.95, for a total value of $730,765.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

About United States Cellular Corporation

United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.

Earnings History and Estimates for United States Cellular Corporation (NYSE:USM)

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