Shares of Telephone & Data Systems Inc. (NYSE:TDS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.89 and last traded at $30.82, with a volume of 174,942 shares. The stock had previously closed at $30.08.

A number of analysts recently issued reports on the stock. Morgan Stanley reissued a “hold” rating on shares of Telephone & Data Systems in a report on Thursday, June 30th. Zacks Investment Research downgraded shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a report on Friday, May 13th.

The firm has a 50-day moving average price of $28.56 and a 200-day moving average price of $27.13. The company has a market capitalization of $3.37 billion and a P/E ratio of 42.45.

Telephone & Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, May 6th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $1.24 million for the quarter, compared to the consensus estimate of $1.26 million. During the same quarter in the prior year, the firm posted $1.33 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts predict that Telephone & Data Systems Inc. will post $0.40 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were issued a dividend of $0.148 per share. The ex-dividend date was Tuesday, June 14th. This represents a $0.59 dividend on an annualized basis and a yield of 1.97%.

In other news, Director Clarence A. Davis sold 1,400 shares of Telephone & Data Systems stock in a transaction on Friday, June 10th. The shares were sold at an average price of $28.24, for a total value of $39,536.00. Following the transaction, the director now directly owns 7,649 shares of the company’s stock, valued at approximately $216,007.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Scott H. Williamson sold 13,146 shares of Telephone & Data Systems stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $28.58, for a total transaction of $375,712.68. Following the completion of the transaction, the senior vice president now directly owns 43,308 shares in the company, valued at $1,237,742.64. The disclosure for this sale can be found here.

Other institutional investors have made changes to their positions in the company. Liberty Mutual Group Asset Management Inc. boosted its position in shares of Telephone & Data Systems by 46.2% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 58,706 shares of the company’s stock worth $1,520,000 after buying an additional 18,553 shares during the last quarter. Comerica Bank boosted its position in shares of Telephone & Data Systems by 0.8% in the fourth quarter. Comerica Bank now owns 65,979 shares of the company’s stock worth $1,574,000 after buying an additional 512 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Telephone & Data Systems by 3.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 64,498 shares of the company’s stock worth $1,670,000 after buying an additional 1,872 shares during the last quarter. EAM Investors LLC acquired a new position in shares of Telephone & Data Systems during the fourth quarter worth approximately $2,713,000. Finally, Retirement Systems of Alabama boosted its position in shares of Telephone & Data Systems by 1.5% in the fourth quarter. Retirement Systems of Alabama now owns 121,361 shares of the company’s stock worth $3,142,000 after buying an additional 1,811 shares during the last quarter.

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company conducts its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular). It provides Wireline services, cable services and hosted and managed services, through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.