Shares of Telephone & Data Systems, Inc. (NYSE:TDS) have been assigned an average rating of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $36.50.

TDS has been the topic of several research analyst reports. ValuEngine upgraded shares of Telephone & Data Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Zacks Investment Research upgraded shares of Telephone & Data Systems from a “hold” rating to a “strong-buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, July 3rd. JPMorgan Chase & Co. lowered shares of Telephone & Data Systems from a “neutral” rating to an “underweight” rating and set a $34.00 price target on the stock. in a research note on Wednesday, July 11th. Finally, Citigroup lifted their price target 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.

In other Telephone & Data Systems news, CAO Douglas W. Chambers sold 4,340 shares of Telephone & Data Systems stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $29.40, for a total value of $127,596.00. Following the transaction, the chief accounting officer now directly owns 10,545 shares in the company, valued at $310,023. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Joseph R. Hanley sold 7,960 shares of Telephone & Data Systems stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $29.50, for a total transaction of $234,820.00. Following the completion of the transaction, the senior vice president now owns 13,752 shares in the company, valued at $405,684. The disclosure for this sale can be found here. Insiders have sold a total of 204,597 shares of company stock worth $6,192,444 over the last quarter. 16.27% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brookstone Capital Management increased its stake in Telephone & Data Systems by 25.3% in the second quarter. Brookstone Capital Management now owns 19,626 shares of the Wireless communications provider’s stock valued at $538,000 after purchasing an additional 3,962 shares during the period. BlackRock Inc. raised its stake in shares of Telephone & Data Systems by 12.5% during the 2nd quarter. BlackRock Inc. now owns 16,961,259 shares of the Wireless communications provider’s stock valued at $465,075,000 after purchasing an additional 1,878,701 shares during the period. Principal Financial Group Inc. raised its stake in shares of Telephone & Data Systems by 4.1% during the 1st quarter. Principal Financial Group Inc. now owns 469,493 shares of the Wireless communications provider’s stock valued at $13,160,000 after purchasing an additional 18,389 shares during the period. Private Management Group Inc. raised its stake in shares of Telephone & Data Systems by 2.5% during the 2nd quarter. Private Management Group Inc. now owns 616,862 shares of the Wireless communications provider’s stock valued at $16,914,000 after purchasing an additional 14,950 shares during the period. Finally, Suntrust Banks Inc. bought a new stake in shares of Telephone & Data Systems during the 1st quarter valued at $314,000. Institutional investors own 81.73% of the company’s stock.

NYSE:TDS traded up $0.29 during midday trading on Friday, hitting $31.57. 718,106 shares of the company were exchanged, compared to its average volume of 648,297. Telephone & Data Systems has a fifty-two week low of $23.54 and a fifty-two week high of $31.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.96 and a quick ratio of 2.75. The firm has a market capitalization of $3.41 billion, a P/E ratio of 59.57 and a beta of 0.83.

Telephone & Data Systems (NYSE:TDS) last announced its quarterly earnings results on Friday, August 3rd. The Wireless communications provider reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.06. Telephone & Data Systems had a net margin of 3.53% and a return on equity of 1.98%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the business earned $0.09 EPS. Telephone & Data Systems’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Telephone & Data Systems will post 0.68 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, September 13th. This represents a $0.64 annualized dividend and a yield of 2.03%. Telephone & Data Systems’s dividend payout ratio is currently 120.75%.

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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