United States Cellular Stock Hits New 52-Week Low (USM)

NEW YORK ( TheStreet) -- United States Cellular Corporation (NYSE: USM) hit a new 52-week low Wednesday as it is currently trading at $41.33, below its previous 52-week low of $41.83 with 2,999 shares traded as of 9:47 a.m. ET. Average volume has been 79,900 shares over the past 30 days.

United States Cellular has a market cap of $2.3 billion and is part of the technology sector and telecommunications industry. Shares are down 16% year to date as of the close of trading on Tuesday.

United States Cellular Corporation provides wireless voice and data services under the U.S. Cellular name in the United States. It offers a range of wireless handsets and laptop cards, as well as accessories, such as carrying cases, hands-free devices, batteries, and battery chargers. The company has a P/E ratio of 31.5, below the average telecommunications industry P/E ratio of 31.7 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates United States Cellular as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full United States Cellular Ratings Report.

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