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U.S. Cellular Remains Neutral
By:
DailyMarkets.com
Posted on December 29, 2011 at 12:50 PM EST
Despite the economic slowdown, U.S. Cellular’s (NYSE:USM) third quarter earnings surpassed the Zacks Consensus Estimate and shot up from the year-ago level primarily on smartphone sales. We believe the company will register further growth in smartphone sales as it continues to launch new handsets. Additionally, increased market penetration of the Belief plan is driving lower [...]
Despite the economic slowdown, U.S. Cellular’s (NYSE:USM) third quarter earnings surpassed the Zacks Consensus Estimate and shot up from the year-ago level primarily on smartphone sales. We believe the company will register further growth in smartphone sales as it continues to launch new handsets. Additionally, increased market penetration of the Belief plan is driving lower churn rates and subscriber addition. The expansion of 3G networks and the expected launch of Long-Term Evolution (LTE) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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