Telephone and Data Systems (NYSE:TDS) CAO Anita Kroll Sells 16,217 Shares

Telephone and Data Systems, Inc. (NYSE:TDS) CAO Anita Kroll sold 16,217 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $39.02, for a total transaction of $632,787.34. Following the completion of the transaction, the chief accounting officer owned 870 shares of the company’s stock, valued at approximately $33,947.40. The trade was a 94.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Telephone and Data Systems Stock Up 1.1%

Shares of Telephone and Data Systems stock traded up $0.42 on Wednesday, reaching $39.51. The company’s stock had a trading volume of 63,255 shares, compared to its average volume of 1,028,721. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of -40.74 and a beta of 0.35. The company has a quick ratio of 1.65, a current ratio of 1.78 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a 52 week low of $30.38 and a 52 week high of $42.74. The firm’s fifty day simple moving average is $38.74 and its two-hundred day simple moving average is $37.29.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Friday, November 7th. The Wireless communications provider reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.13. Telephone and Data Systems had a positive return on equity of 0.92% and a negative net margin of 0.85%.The business had revenue of $308.52 million during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm earned ($0.73) EPS. Telephone and Data Systems’s revenue was down 5.8% on a year-over-year basis. Equities analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Telephone and Data Systems

Hedge funds have recently modified their holdings of the stock. Integrity Alliance LLC. bought a new stake in Telephone and Data Systems in the 1st quarter worth approximately $336,000. First Citizens Bank & Trust Co. raised its stake in Telephone and Data Systems by 198.0% during the second quarter. First Citizens Bank & Trust Co. now owns 23,116 shares of the Wireless communications provider’s stock valued at $822,000 after purchasing an additional 15,360 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Telephone and Data Systems by 150.4% in the 1st quarter. Victory Capital Management Inc. now owns 90,154 shares of the Wireless communications provider’s stock worth $3,493,000 after buying an additional 54,143 shares in the last quarter. Millennium Management LLC raised its position in shares of Telephone and Data Systems by 19.4% during the 1st quarter. Millennium Management LLC now owns 801,784 shares of the Wireless communications provider’s stock valued at $31,061,000 after buying an additional 130,282 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Telephone and Data Systems during the 1st quarter valued at about $1,116,000. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Wall Street Analyst Weigh In

TDS has been the topic of a number of recent research reports. Raymond James Financial raised their target price on Telephone and Data Systems from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. boosted their target price on shares of Telephone and Data Systems from $53.00 to $54.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Weiss Ratings upgraded Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Finally, Zacks Research upgraded Telephone and Data Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $52.00.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.