United States Cellular (NYSE:USM) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS

United States Cellular (NYSE:USM) released its earnings results on Friday. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.15, Zacks reports. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. During the same period in the previous year, the firm earned $0.23 earnings per share.

United States Cellular Price Performance

Shares of NYSE USM opened at $65.18 on Friday. The company’s fifty day moving average is $63.45 and its 200-day moving average is $60.07. United States Cellular has a twelve month low of $32.01 and a twelve month high of $69.20. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39.

Analyst Upgrades and Downgrades

A number of brokerages have commented on USM. Raymond James upgraded shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research note on Thursday, November 7th. Wells Fargo & Company raised their price target on shares of United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, StockNews.com upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday.

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.