Telephone & Data Systems, Inc. (NYSE:TDS) SVP Jane W. Mccahon sold 23,567 shares of the stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $34.98, for a total transaction of $824,373.66. Following the completion of the sale, the senior vice president now owns 17,511 shares in the company, valued at approximately $612,534.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NYSE:TDS traded up $0.11 during midday trading on Friday, reaching $35.35. The company’s stock had a trading volume of 991,154 shares, compared to its average volume of 1,262,090. The firm has a market capitalization of $3.95 billion, a P/E ratio of 66.70 and a beta of 0.70. Telephone & Data Systems, Inc. has a twelve month low of $23.54 and a twelve month high of $35.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.80 and a quick ratio of 2.75.
Telephone & Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.16. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Telephone & Data Systems had a net margin of 7.96% and a return on equity of 2.43%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share. Equities analysts anticipate that Telephone & Data Systems, Inc. will post 1.1 EPS for the current fiscal year.
A number of research firms have recently weighed in on TDS. B. Riley set a $42.00 price objective on shares of Telephone & Data Systems and gave the stock a “buy” rating in a research note on Wednesday. Raymond James increased their price objective on shares of Telephone & Data Systems from $31.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup increased their price objective on shares of Telephone & Data Systems from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded shares of Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, October 10th. Finally, ValuEngine upgraded shares of Telephone & Data Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $37.20.
Hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new stake in Telephone & Data Systems during the third quarter valued at $100,000. Advisors Preferred LLC acquired a new stake in Telephone & Data Systems during the second quarter valued at $134,000. Point72 Hong Kong Ltd acquired a new stake in Telephone & Data Systems during the second quarter valued at $160,000. Sun Life Financial INC acquired a new stake in Telephone & Data Systems during the second quarter valued at $178,000. Finally, Macquarie Group Ltd. grew its position in Telephone & Data Systems by 38.9% during the second quarter. Macquarie Group Ltd. now owns 7,500 shares of the Wireless communications provider’s stock valued at $206,000 after buying an additional 2,100 shares during the period. Institutional investors own 81.70% of the company’s stock.
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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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