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In a remarkable display of resilience and growth, United States Cellular Corp (NYSE:USM) stock has soared to a 52-week high, reaching a price level of $69.27. With a market capitalization of $5.86 billion and EBITDA of $810 million, USM has caught the attention of investors. InvestingPro analysis suggests the stock is trading above its Fair Value, with analysts setting price targets between $53.20 and $88.00. This peak reflects a significant surge in investor confidence, underpinned by the company’s robust performance over the past year. Notably, USM has witnessed an impressive 1-year change, with its stock value climbing by 93.45%. The company maintains a healthy liquidity position with a current ratio of 1.52, while generating annual revenue of $3.77 billion. This substantial increase underscores the company’s strong market position and the positive sentiment among shareholders about its future prospects. As USM continues to navigate the competitive telecommunications landscape, this 52-week high serves as a testament to its strategic initiatives and operational excellence. Discover more insights about USM and 1,400+ other stocks with comprehensive Pro Research Reports, available exclusively on InvestingPro.
In other recent news, United States Cellular Corporation reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.05, against a forecasted loss of $0.01. The company’s revenue also exceeded projections, reaching $970 million compared to the anticipated $961.14 million. Despite these positive results, the company’s stock experienced a decline, reflecting broader market trends and competitive pressures. US Cellular has been actively engaged in strategic initiatives, including a major mid-band 5G deployment and cost reduction programs, which have contributed to its enhanced financial performance. The company successfully reduced its debt by $200 million and is preparing for the anticipated closure of a transaction with T-Mobile by mid-2025. Analysts have taken note of these developments, with some firms expressing optimism about the company’s strategic direction. Additionally, US Cellular is targeting the expansion of its fiber service addresses by 150,000 in 2025, emphasizing its focus on growth in high-potential markets. These recent developments underscore US Cellular’s efforts to strengthen its market position and operational efficiency.
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