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

TDS has been the subject of a number of research reports. Zacks Investment Research raised shares of Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Thursday, May 12th. Morgan Stanley reissued a “hold” rating on shares of Telephone & Data Systems in a research note on Thursday, June 30th.

The stock’s 50 day moving average is $28.76 and its 200 day moving average is $27.19. The firm has a market capitalization of $3.41 billion and a P/E ratio of 42.93.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were issued a $0.148 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.59 dividend on an annualized basis and a yield of 1.89%.

In related news, Director Clarence A. Davis sold 1,400 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 7,649 shares in the company, valued at $216,007.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Scott H. Williamson sold 13,146 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 43,308 shares of the company’s stock, valued at $1,237,742.64. The disclosure for this sale can be found here.

Other large investors recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Telephone & Data Systems by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,615,432 shares of the company’s stock worth $119,497,000 after buying an additional 399,558 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Telephone & Data Systems by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 301,432 shares of the company’s stock worth $7,804,000 after buying an additional 8,194 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Telephone & Data Systems by 10.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 539,777 shares of the company’s stock worth $13,975,000 after buying an additional 50,734 shares during the period. Morgan Stanley boosted its position in shares of Telephone & Data Systems by 60.1% in the fourth quarter. Morgan Stanley now owns 568,615 shares of the company’s stock worth $14,722,000 after buying an additional 213,529 shares during the period. Finally, 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 period.

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).

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