Telephone & Data Systems, Inc. (NYSE:TDS) VP Peter L. Sereda sold 31,970 shares of the stock in a transaction on Friday, August 10th. The shares were sold at an average price of $30.15, for a total transaction of $963,895.50. Following the transaction, the vice president now owns 17,488 shares in the company, valued at $527,263.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of NYSE:TDS opened at $29.72 on Tuesday. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 56.45 and a beta of 0.71. Telephone & Data Systems, Inc. has a 1-year low of $23.54 and a 1-year high of $30.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.75 and a current ratio of 2.96.

Telephone & Data Systems (NYSE:TDS) last issued its earnings results on Friday, August 3rd. The Wireless communications provider reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.06. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Telephone & Data Systems had a net margin of 3.53% and a return on equity of 1.98%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 earnings per share. equities research analysts anticipate that Telephone & Data Systems, Inc. will post 0.68 EPS for the current year.

A number of research analysts have commented on the stock. Citigroup increased their price objective on shares of Telephone & Data Systems from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. ValuEngine upgraded shares of Telephone & Data Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Zacks Investment Research downgraded shares of Telephone & Data Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. JPMorgan Chase & Co. downgraded shares of Telephone & Data Systems from a “neutral” rating to an “underweight” rating and set a $34.00 price objective on the stock. in a research note on Wednesday, July 11th. Finally, Raymond James upgraded shares of Telephone & Data Systems from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Telephone & Data Systems has an average rating of “Hold” and an average target price of $34.67.

Large investors have recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of Telephone & Data Systems by 4.1% during the first quarter. Principal Financial Group Inc. now owns 469,493 shares of the Wireless communications provider’s stock worth $13,160,000 after purchasing an additional 18,389 shares during the period. Suntrust Banks Inc. acquired a new stake in shares of Telephone & Data Systems during the first quarter worth $314,000. Swiss National Bank raised its holdings in shares of Telephone & Data Systems by 2.2% during the first quarter. Swiss National Bank now owns 171,000 shares of the Wireless communications provider’s stock worth $4,793,000 after purchasing an additional 3,700 shares during the period. A.R.T. Advisors LLC raised its holdings in shares of Telephone & Data Systems by 222.4% during the first quarter. A.R.T. Advisors LLC now owns 113,367 shares of the Wireless communications provider’s stock worth $3,177,000 after purchasing an additional 78,200 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Telephone & Data Systems by 69.6% during the first quarter. Millennium Management LLC now owns 1,502,164 shares of the Wireless communications provider’s stock worth $42,106,000 after purchasing an additional 616,324 shares during the period. 83.29% of the stock is currently owned by institutional investors.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

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