Telephone & Data Systems, Inc. (NYSE:TDS) VP Douglas W. Chambers sold 16,455 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $34.33, for a total transaction of $564,900.15. Following the sale, the vice president now directly owns 12,828 shares in the company, valued at approximately $440,385.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Telephone & Data Systems stock traded up $0.44 during trading on Tuesday, hitting $34.20. The stock had a trading volume of 2,115,367 shares, compared to its average volume of 701,694. The stock has a market cap of $3.84 billion, a P/E ratio of 64.53 and a beta of 0.70. Telephone & Data Systems, Inc. has a 12 month low of $23.54 and a 12 month high of $35.00. 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 released its quarterly earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.16. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Telephone & Data Systems had a net margin of 7.96% and a return on equity of 2.45%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Sell-side analysts predict that Telephone & Data Systems, Inc. will post 0.68 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in TDS. Steward Partners Investment Advisory LLC bought a new position in shares of Telephone & Data Systems in the third quarter worth $100,000. Advisors Preferred LLC bought a new position in shares of Telephone & Data Systems in the second quarter worth $134,000. Point72 Hong Kong Ltd bought a new position in shares of Telephone & Data Systems in the second quarter worth $160,000. Sun Life Financial INC bought a new position in shares of Telephone & Data Systems in the second quarter worth $178,000. Finally, Macquarie Group Ltd. increased its holdings in shares of Telephone & Data Systems by 38.9% in the second quarter. Macquarie Group Ltd. now owns 7,500 shares of the Wireless communications provider’s stock worth $206,000 after purchasing an additional 2,100 shares during the period. 81.70% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the stock. B. Riley reissued a “buy” rating and set a $42.00 target price on shares of Telephone & Data Systems in a report on Thursday, November 1st. Raymond James set a $36.00 target price on shares of Telephone & Data Systems and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research raised shares of Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, October 10th. ValuEngine cut shares of Telephone & Data Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Finally, JPMorgan Chase & Co. cut shares of Telephone & Data Systems from a “neutral” rating to an “underweight” rating and set a $34.00 target price on the stock. in a report on Wednesday, July 11th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $37.20.
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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.
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