United States Cellular Corporation (NYSE:USM) traded today at a new 52-week high of $38.93. Approximately 62,000 shares have changed hands today, as compared to an average 30-day volume of 138,000 shares.
United States Cellular Corp is a US-based wireless telecommunications service provider. It provides service to postpaid and prepaid customers from a variety of demographic segments. The company also offers smartphones, tablets, and other connected devices that are backed by the company’s high-speed networks, including a fourth-generation (4G) Long-Term Evolution (LTE) network. It derives revenue in the form of service revenue and equipment revenue, of which a majority of the revenue is derived from the provision of services. All the wireless operating markets of the company are in the United States.
Potential upside of 4.3% exists for United States Cellular Corporation, based on a current level of $38.20 and analysts’ average consensus price target of $39.82.
In the past 52 weeks, shares of United States Cellular Corporation have traded between a low of $26.98 and a high of $38.93 and is now at $38.20, which is 42% above that low price.
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