Telephone & Data Systems, Inc. (NYSE:TDS) CEO James W. Butman sold 37,280 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $30.43, for a total transaction of $1,134,430.40. Following the sale, the chief executive officer now owns 40,561 shares of the company’s stock, valued at $1,234,271.23. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of TDS stock opened at $30.67 on Tuesday. Telephone & Data Systems, Inc. has a 1 year low of $23.54 and a 1 year high of $31.01. The company has a quick ratio of 2.75, a current ratio of 2.96 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.36 billion, a PE ratio of 57.87 and a beta of 0.71.

Telephone & Data Systems (NYSE:TDS) last issued its quarterly earnings data on Friday, August 3rd. The Wireless communications provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. sell-side analysts forecast that Telephone & Data Systems, Inc. will post 0.68 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on TDS shares. Citigroup boosted their target price on shares of Telephone & Data Systems from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. ValuEngine upgraded shares of Telephone & Data Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Zacks Investment Research lowered shares of Telephone & Data Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 16th. Raymond James raised shares of Telephone & Data Systems from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 2nd. Finally, JPMorgan Chase & Co. downgraded shares of Telephone & Data Systems from a “neutral” rating to an “underweight” rating and set a $34.00 price objective for the company. in a research report on Wednesday, July 11th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $34.67.

Several hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in Telephone & Data Systems by 4.1% in the 1st quarter. Principal Financial Group Inc. now owns 469,493 shares of the Wireless communications provider’s stock worth $13,160,000 after buying an additional 18,389 shares during the period. Suntrust Banks Inc. bought a new position in Telephone & Data Systems in the 1st quarter worth $314,000. Swiss National Bank boosted its holdings in Telephone & Data Systems by 2.2% in the 1st quarter. Swiss National Bank now owns 171,000 shares of the Wireless communications provider’s stock worth $4,793,000 after buying an additional 3,700 shares during the period. A.R.T. Advisors LLC boosted its holdings in Telephone & Data Systems by 222.4% in the 1st quarter. A.R.T. Advisors LLC now owns 113,367 shares of the Wireless communications provider’s stock worth $3,177,000 after buying an additional 78,200 shares during the period. Finally, Millennium Management LLC boosted its holdings in Telephone & Data Systems by 69.6% in the 1st quarter. Millennium Management LLC now owns 1,502,164 shares of the Wireless communications provider’s stock worth $42,106,000 after buying an additional 616,324 shares during the period. 83.29% of the stock is owned by hedge funds and other institutional investors.

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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