Brokerages Set Telephone & Data Systems, Inc. (TDS) PT at $37.75

Shares of Telephone & Data Systems, Inc. (NYSE:TDS) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $37.75.

Several equities research analysts recently commented on the stock. ValuEngine lowered shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 30th. TheStreet lowered shares of Telephone & Data Systems from a “b-” rating to a “c+” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research lowered shares of Telephone & Data Systems from a “hold” rating to a “sell” rating in a report on Friday, March 1st.

Shares of TDS traded down $0.17 during trading hours on Friday, hitting $30.87. The stock had a trading volume of 525,653 shares, compared to its average volume of 831,028. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.42 and a quick ratio of 2.25. Telephone & Data Systems has a fifty-two week low of $24.00 and a fifty-two week high of $37.29. The stock has a market cap of $3.51 billion, a P/E ratio of 26.38 and a beta of 1.00.



Telephone & Data Systems (NYSE:TDS) last posted its earnings results on Thursday, May 2nd. The Wireless communications provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.14. Telephone & Data Systems had a net margin of 3.00% and a return on equity of 2.92%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the business posted $0.34 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. Equities analysts expect that Telephone & Data Systems will post 1.03 EPS for the current year.

In other news, Director Mitchell H. Saranow sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $31.75, for a total transaction of $127,000.00. Following the completion of the sale, the director now owns 15,074 shares of the company’s stock, valued at $478,599.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kenneth R. Meyers sold 40,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $32.30, for a total transaction of $1,292,000.00. Following the sale, the insider now directly owns 32,305 shares of the company’s stock, valued at approximately $1,043,451.50. The disclosure for this sale can be found here. In the last three months, insiders sold 44,350 shares of company stock valued at $1,430,127. 14.33% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC boosted its position in shares of Telephone & Data Systems by 5.4% during the 4th quarter. Brandywine Global Investment Management LLC now owns 359,086 shares of the Wireless communications provider’s stock valued at $11,685,000 after acquiring an additional 18,263 shares during the last quarter. Stone Ridge Asset Management LLC boosted its position in shares of Telephone & Data Systems by 22.0% during the 4th quarter. Stone Ridge Asset Management LLC now owns 85,470 shares of the Wireless communications provider’s stock valued at $2,781,000 after acquiring an additional 15,407 shares during the last quarter. Mackay Shields LLC boosted its position in shares of Telephone & Data Systems by 77.9% during the 4th quarter. Mackay Shields LLC now owns 437,057 shares of the Wireless communications provider’s stock valued at $14,222,000 after acquiring an additional 191,434 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Telephone & Data Systems by 15.5% during the 1st quarter. First Citizens Bank & Trust Co. now owns 11,158 shares of the Wireless communications provider’s stock valued at $343,000 after acquiring an additional 1,495 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Telephone & Data Systems by 4.9% during the 4th quarter. Legal & General Group Plc now owns 187,408 shares of the Wireless communications provider’s stock valued at $6,099,000 after acquiring an additional 8,689 shares during the last quarter. 82.32% of the stock is owned by institutional investors and hedge funds.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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