Geode Capital Management LLC raised its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 10.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 759,595 shares of the Wireless communications provider’s stock after buying an additional 74,834 shares during the period. Geode Capital Management LLC owned 0.69% of Telephone and Data Systems worth $20,136,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Telephone and Data Systems by 2.6% in the first quarter. Vanguard Group Inc. now owns 9,668,119 shares of the Wireless communications provider’s stock valued at $256,302,000 after buying an additional 246,308 shares in the last quarter. Menta Capital LLC acquired a new stake in shares of Telephone and Data Systems during the first quarter valued at about $1,495,000. Marshall Wace North America L.P. acquired a new stake in shares of Telephone and Data Systems during the first quarter valued at about $2,621,000. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Telephone and Data Systems during the first quarter valued at about $2,621,000. Finally, Thrivent Financial For Lutherans increased its stake in shares of Telephone and Data Systems by 11.8% in the first quarter. Thrivent Financial For Lutherans now owns 17,785 shares of the Wireless communications provider’s stock valued at $471,000 after buying an additional 1,880 shares in the last quarter. 80.55% of the stock is owned by institutional investors and hedge funds.

Telephone and Data Systems, Inc. (NYSE TDS) traded down 1.42% during midday trading on Tuesday, hitting $29.26. The stock had a trading volume of 561,527 shares. The stock has a market cap of $3.23 billion, a P/E ratio of 44.95 and a beta of 1.04. Telephone and Data Systems, Inc. has a 52 week low of $24.12 and a 52 week high of $32.97. The company has a 50-day moving average price of $28.00 and a 200-day moving average price of $27.89.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.04. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.27 billion. Telephone and Data Systems had a return on equity of 1.15% and a net margin of 1.09%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. Equities analysts expect that Telephone and Data Systems, Inc. will post $0.43 EPS for the current year.

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Several brokerages have issued reports on TDS. Zacks Investment Research raised Telephone and Data Systems from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Tuesday. BidaskClub raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $35.00.

About Telephone and Data Systems

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

Institutional Ownership by Quarter for Telephone and Data Systems (NYSE:TDS)

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