United States Cellular (NYSE:USM) Stock Price Up 7.4%

United States Cellular Co. (NYSE:USM - Get Free Report) shares shot up 7.4% on Monday . The company traded as high as $37.06 and last traded at $36.63. 55,321 shares were traded during trading, a decline of 74% from the average session volume of 215,230 shares. The stock had previously closed at $34.10.

United States Cellular Price Performance

The company has a quick ratio of 1.33, a current ratio of 1.55 and a debt-to-equity ratio of 0.66. The firm's 50-day moving average is $35.56 and its 200-day moving average is $39.67. The company has a market cap of $3.07 billion, a PE ratio of 53.88 and a beta of 0.45.

United States Cellular (NYSE:USM - Get Free Report) last posted its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.06). United States Cellular had a return on equity of 1.30% and a net margin of 1.55%. The firm had revenue of $950.00 million for the quarter, compared to analysts' expectations of $957.75 million. During the same quarter last year, the company posted $0.15 EPS. The firm's revenue was down 3.7% on a year-over-year basis. On average, equities analysts anticipate that United States Cellular Co. will post 0.74 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of USM. Quest Partners LLC bought a new stake in United States Cellular in the fourth quarter worth $43,000. Clear Street Markets LLC bought a new position in United States Cellular in the 4th quarter worth about $105,000. Bfsg LLC purchased a new stake in United States Cellular during the 4th quarter valued at about $137,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in United States Cellular by 226.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,463 shares of the Wireless communications provider's stock valued at $149,000 after purchasing an additional 2,403 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in United States Cellular in the third quarter worth about $149,000. 18.03% of the stock is currently owned by institutional investors.

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.