United States Cellular Corp (NYSE:AD) CEO Douglas W. Chambers Sells 93,300 Shares of Stock

United States Cellular Corp (NYSE:AD) CEO Douglas W. Chambers sold 93,300 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $75.77, for a total transaction of $7,069,341.00. Following the transaction, the chief executive officer owned 17,600 shares of the company’s stock, valued at $1,333,552. This represents a 84.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

United States Cellular Price Performance

Shares of NYSE AD opened at $74.98 on Friday. The company has a market cap of $6.37 billion, a PE ratio of -249.93 and a beta of 0.38.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AD shares. Wall Street Zen upgraded shares of United States Cellular from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research upgraded shares of United States Cellular to a “hold” rating in a research report on Tuesday, August 12th.

About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and internet of things devices.