Telephone & Data Systems (NYSE:TDS) had its price target lifted by Raymond James from $31.00 to $36.00 in a research report released on Tuesday, MarketBeat.com reports. The brokerage currently has a buy rating on the Wireless communications provider’s stock.

A number of other research analysts also recently weighed in on TDS. JPMorgan Chase & Co. downgraded shares of Telephone & Data Systems from a neutral rating to an underweight rating and set a $34.00 target price for the company. in a research report on Wednesday, July 11th. ValuEngine downgraded shares of Telephone & Data Systems from a hold rating to a sell rating in a research report on Wednesday, July 11th. Zacks Investment Research downgraded shares of Telephone & Data Systems from a strong-buy rating to a hold rating in a research report on Monday, July 16th. Citigroup raised their target price on shares of Telephone & Data Systems from $37.00 to $39.00 and gave the company a buy rating in a research report on Wednesday, August 8th. Finally, B. Riley reaffirmed a buy rating and issued a $42.00 target price on shares of Telephone & Data Systems in a research report on Thursday, November 1st. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $37.20.

Shares of TDS stock traded up $0.11 during trading hours on Tuesday, hitting $35.35. 991,154 shares of the company were exchanged, compared to its average volume of 1,262,090. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.46. Telephone & Data Systems has a 52 week low of $23.54 and a 52 week high of $35.78. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 66.70 and a beta of 0.70.

Telephone & Data Systems (NYSE:TDS) last released its earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Telephone & Data Systems had a net margin of 7.96% and a return on equity of 2.43%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. On average, equities analysts expect that Telephone & Data Systems will post 1.1 EPS for the current year.

In related news, CEO James W. Butman sold 37,600 shares of the firm’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $35.50, for a total value of $1,334,800.00. Following the completion of the transaction, the chief executive officer now owns 33,380 shares of the company’s stock, valued at $1,184,990. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Douglas W. Chambers sold 16,400 shares of Telephone & Data Systems stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $30.59, for a total transaction of $501,676.00. Following the completion of the transaction, the vice president now directly owns 12,473 shares of the company’s stock, valued at approximately $381,549.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 198,675 shares of company stock valued at $6,429,267. 17.30% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Trexquant Investment LP bought a new position in shares of Telephone & Data Systems in the 3rd quarter valued at about $800,000. BlackRock Inc. grew its position in shares of Telephone & Data Systems by 1.5% in the 3rd quarter. BlackRock Inc. now owns 17,222,208 shares of the Wireless communications provider’s stock valued at $524,073,000 after acquiring an additional 260,949 shares during the period. Bank of New York Mellon Corp grew its position in shares of Telephone & Data Systems by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,476,148 shares of the Wireless communications provider’s stock valued at $44,918,000 after acquiring an additional 15,937 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Telephone & Data Systems in the 3rd quarter valued at about $609,000. Finally, Commonwealth Bank of Australia grew its position in shares of Telephone & Data Systems by 61.5% in the 3rd quarter. Commonwealth Bank of Australia now owns 48,325 shares of the Wireless communications provider’s stock valued at $1,467,000 after acquiring an additional 18,400 shares during the period. 81.70% of the stock is owned by institutional investors.

About Telephone & Data Systems

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.

Featured Article: How to Invest in a Bull Market

Receive News & Ratings for Telephone & Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telephone & Data Systems and related companies with MarketBeat.com's FREE daily email newsletter.