United States Cellular Co. (NYSE:USM - Get Rating) Director Gregory P. Josefowicz sold 1,834 shares of the company's stock in a transaction on Friday, December 9th. The stock was sold at an average price of $19.61, for a total transaction of $35,964.74. Following the transaction, the director now owns 18,981 shares of the company's stock, valued at approximately $372,217.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
JPMorgan Chase & Co. raised United States Cellular from an "underweight" rating to a "neutral" rating and dropped their target price for the stock from $32.00 to $24.00 in a research report on Tuesday.
United States Cellular (NYSE:USM - Get Rating) issued its earnings results on Friday. The Wireless communications provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.35). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.03 billion. United States Cellular had a return on equity of 1.85% and a net margin of 2.03%. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share.
United States Cellular Co. (NYSE:USM - Get Rating) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 595,100 shares, a growth of 31.1% from the May 31st total of 454,100 shares. Based on an average trading volume of 111,300 shares, the days-to-cover ratio is currently 5.3 days. Currently, 4.3% of the company's shares are sold short.