Strength Seen in US Cellular (USM): Stock Gains 6.2% – Tale of the Tape

Zacks

United States Cellular Corporation (USM) was a big mover last session, with shares rising over 6% on the day. The upside came on the announcement that the company, along with Telephone and Data Systems, will present at the 2015 Citi Internet, Media & Telecommunication Conference on Jan 6, 2015. This development led to far more shares changing hands yesterday than in a normal session. This breaks the recent trend of the company as the stock is now trading above the past one month’s volatile price range of $35.00 to $38.50.

This wireless telecommunications service provider has not seen any estimate revision in the last 7 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Friday’s rally is encouraging though, so make sure to keep a close watch on this stock in the near future.

US Cellular currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock that warrants a look in the broader Technology sector is Vonage Holdings Corporation (VG), with a Zacks Rank #2 (Buy).

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