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TDS Telecom and UScellular participating in upcoming September conferences
PRNewswire (Mon, 26-Aug 4:05 PM ET)
UScellular leverages latest Ericsson router technology to elevate 5G infrastructure in rural America
PRNewswire (Mon, 5-Aug 8:00 AM ET)
UScellular reports second quarter 2024 results
PRNewswire (Fri, 2-Aug 7:31 AM ET)
PRNewswire (Fri, 26-Jul 8:00 AM ET)
us Cellular is a regional wireless carrier that serves about 4.5 million customers spread across four major geographic clusters: the Midwest, mid-Atlantic, New England, and the Pacific Northwest. These service territories encompass a total population of about 32 million people. The vast majority of the markets the firm serves are rural or second/third-tier cities, with only the greater Milwaukee and Oklahoma City regions boasting populations greater than 1 million. us Cellular also owns a 5.5% stake in Verizon Wireless' Los Angeles operations and, unlike its wireless carrier peers, owns most of its own towers. The firm has agreed to sell its wireless operations and 30% of its wireless spectrum licenses to T-Mobile, a transaction that it expects to close in mid-2025.
United States Cellular trades on the NYSE stock market under the symbol USM.
As of September 18, 2024, USM stock price declined to $56.32 with 158,575 million shares trading.
USM has a beta of 0.68, meaning it tends to be less sensitive to market movements. USM has a correlation of 0.03 to the broad based SPY ETF.
USM has a market cap of $4.84 billion. This is considered a Mid Cap stock.
Last quarter United States Cellular reported $927 million in Revenue and $.20 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.06.
In the last 3 years, USM stock traded as high as $60.14 and as low as $13.79.
The top ETF exchange traded funds that USM belongs to (by Net Assets): VTI, AVUV, VB, DFAT, VBR.
USM has outperformed the market in the last year with a return of +37.0%, while the SPY ETF gained +27.8%. In the last 3 month period, USM beat the market returning +6.8%, while SPY returned +2.9%. However, in the most recent 2 weeks USM has underperformed the stock market by returning -1.8%, while SPY returned +1.7%.
USM support price is $55.37 and resistance is $57.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that USM stock will trade within this expected range on the day.