Telephone and Data Systems (NYSE:TDS) CAO Anita Kroll Sells 870 Shares

Telephone and Data Systems, Inc. (NYSE:TDS) CAO Anita Kroll sold 870 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $39.16, for a total value of $34,069.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Telephone and Data Systems Trading Up 1.1%

NYSE TDS traded up $0.42 on Wednesday, reaching $39.51. 63,255 shares of the company were exchanged, compared to its average volume of 1,028,721. The business’s fifty day moving average price is $38.74 and its 200 day moving average price is $37.29. The company has a current ratio of 1.78, a quick ratio of 1.65 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $4.54 billion, a P/E ratio of -40.73 and a beta of 0.35. Telephone and Data Systems, Inc. has a fifty-two week low of $30.38 and a fifty-two week high of $42.74.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Telephone and Data Systems

A number of institutional investors have recently modified their holdings of the business. Croban raised its stake in Telephone and Data Systems by 0.7% in the 3rd quarter. Croban now owns 37,088 shares of the Wireless communications provider’s stock worth $1,455,000 after purchasing an additional 263 shares in the last quarter. Amalgamated Bank grew its position in Telephone and Data Systems by 1.0% during the second quarter. Amalgamated Bank now owns 28,061 shares of the Wireless communications provider’s stock worth $998,000 after buying an additional 270 shares in the last quarter. Bessemer Group Inc. increased its stake in Telephone and Data Systems by 65.6% during the 3rd quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 277 shares during the period. Truist Financial Corp lifted its position in shares of Telephone and Data Systems by 0.9% during the 3rd quarter. Truist Financial Corp now owns 36,829 shares of the Wireless communications provider’s stock valued at $1,445,000 after acquiring an additional 316 shares during the period. Finally, Xponance Inc. grew its holdings in shares of Telephone and Data Systems by 4.5% during the 1st quarter. Xponance Inc. now owns 7,485 shares of the Wireless communications provider’s stock worth $290,000 after purchasing an additional 324 shares in the last quarter. Institutional investors own 80.00% of the company’s stock.

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.