United States Cellular Corporation (USM) Earning Somewhat Positive Press Coverage, Study Shows
News articles about United States Cellular Corporation (NYSE:USM) have been trending somewhat positive on Thursday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. United States Cellular Corporation earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned headlines about the Wireless communications provider an impact score of 47.9653770306894 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of United States Cellular Corporation (NYSE:USM) opened at 35.70 on Thursday. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 62.41 and a beta of 0.83. United States Cellular Corporation has a 52 week low of $33.30 and a 52 week high of $46.01. The firm has a 50-day moving average price of $37.90 and a 200-day moving average price of $38.10.
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 for the quarter, missing the consensus estimate of $0.17 by ($0.03). The business had revenue of $963.00 million for the quarter, compared to analyst estimates of $949.43 million. United States Cellular Corporation had a net margin of 1.26% and a return on equity of 1.12%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. On average, equities analysts expect that United States Cellular Corporation will post $0.31 earnings per share for the current fiscal year.
A number of brokerages have issued reports on USM. Zacks Investment Research raised United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, August 2nd. BidaskClub raised United States Cellular Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. United States Cellular Corporation has an average rating of “Hold” and an average price target of $38.00.
In related news, EVP Steven T. Campbell sold 18,292 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $39.95, for a total transaction of $730,765.40. The transaction was disclosed in a document filed with the SEC, which can be accessed 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.
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