Alert: Major Price Advance (5/28/24)-United States Cellular Corp (NYSE: USM).

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United States Cellular Corp (NYSE: USM) stock closed at $48.22 on 5/28/24 after a major increase of 12.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 454% of normal. The stock has risen 6.9% during the last week but has been weak relative to the market over the last nine months.

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Current PriceTarget Research Rating

With future capital returns forecasted to exceed the cost of capital, USM is expected to continue to be a Value Builder.

United States Cellular has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. United States Cellular has a good Appreciation Score of 79 but a neutral Power Rating of 44, triggering the Positive Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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