United States Cellular Corporation (NYSE:AD) CEO Sells $7,069,341.00 in Stock

United States Cellular Corporation (NYSE:AD) CEO Douglas W. Chambers sold 93,300 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $75.77, for a total transaction of $7,069,341.00. Following the completion of the transaction, the chief executive officer owned 17,600 shares in the company, valued at $1,333,552. This represents a 84.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

United States Cellular Stock Up 1.4%

Shares of NYSE:AD opened at $76.06 on Tuesday. The company has a market capitalization of $6.47 billion, a PE ratio of -253.52 and a beta of 0.38. United States Cellular Corporation has a twelve month low of $51.78 and a twelve month high of $79.17. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.61.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AD. Wall Street Zen upgraded shares of United States Cellular from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research upgraded shares of United States Cellular to a “hold” rating in a research report on Tuesday, August 12th.

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 devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and internet of things devices.