United States Cellular (NYSE:USM) Issues Quarterly Earnings Results

United States Cellular (NYSE:USM - Get Free Report) issued its earnings results on Friday. The Wireless communications provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.16), Zacks reports. The firm had revenue of $891.00 million during the quarter, compared to analyst estimates of $924.90 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%.

United States Cellular Trading Down 1.7 %

NYSE:USM traded down $1.07 during trading hours on Thursday, hitting $62.45. 66,243 shares of the stock were exchanged, compared to its average volume of 204,757. The company's 50 day moving average is $66.19 and its two-hundred day moving average is $64.16. The company has a market capitalization of $5.31 billion, a P/E ratio of -173.47 and a beta of 0.39. United States Cellular has a twelve month low of $35.30 and a twelve month high of $70.79. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of United States Cellular from $86.00 to $88.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. StockNews.com upgraded United States Cellular from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Raymond James reissued an "outperform" rating and issued a $78.00 price objective (down from $83.00) on shares of United States Cellular in a research note on Monday.

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.