United States Cellular (NYSE:USM) Trading Down 7.2%

United States Cellular Co. (NYSE:USM - Get Free Report)'s stock price traded down 7.2% during trading on Friday . The company traded as low as $34.48 and last traded at $34.58. 417,095 shares traded hands during trading, an increase of 96% from the average session volume of 213,166 shares. The stock had previously closed at $37.26.

United States Cellular Stock Performance

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 1.55. The firm's 50-day moving average price is $35.51 and its two-hundred day moving average price is $39.79. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 55.00 and a beta of 0.45.

United States Cellular (NYSE:USM - Get Free Report) last issued its quarterly earnings data on Friday, February 16th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.13. The company had revenue of $1,000.00 million during the quarter, compared to analysts' expectations of $984.18 million. United States Cellular had a return on equity of 1.19% and a net margin of 1.41%. The business's revenue was down 4.6% on a year-over-year basis. During the same period last year, the business earned ($0.33) earnings per share. Sell-side analysts predict that United States Cellular Co. will post 0.74 earnings per share for the current year.

Institutional Trading of United States Cellular

Several large investors have recently made changes to their positions in the business. Trexquant Investment LP grew its stake in shares of United States Cellular by 7.2% during the fourth quarter. Trexquant Investment LP now owns 12,598 shares of the Wireless communications provider's stock valued at $523,000 after purchasing an additional 850 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of United States Cellular during the 4th quarter worth approximately $43,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in United States Cellular by 32.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,580 shares of the Wireless communications provider's stock valued at $190,000 after buying an additional 1,117 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 worth $149,000 after acquiring an additional 2,403 shares during the period. Finally, Clear Street Markets LLC bought a new position in shares of United States Cellular in the 4th quarter worth $105,000. Institutional investors own 18.03% of the company's stock.

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 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.

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