Telephone & Data Systems Inc. (NYSE:TDS)’s share price traded down 1.5% on Monday . The company traded as low as $30.91 and last traded at $31.24, with a volume of 194,926 shares traded. The stock had previously closed at $31.72.

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

The stock has a market capitalization of $3.42 billion and a P/E ratio of 43.05. The stock has a 50 day moving average price of $28.96 and a 200 day moving average price of $27.25.

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

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

In related news, Director Clarence A. Davis sold 1,400 shares of the firm’s stock in a transaction dated 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 owns 7,649 shares of the company’s stock, valued at approximately $216,007.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Scott H. Williamson sold 13,146 shares of the firm’s stock in a transaction dated 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 approximately $1,237,742.64. The disclosure for this sale can be found here.

A number of institutional investors have made changes to their positions in TDS. 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 valued at $7,804,000 after buying an additional 8,194 shares during the last quarter. 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 valued at $13,975,000 after buying an additional 50,734 shares during the last quarter. 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 valued at $14,722,000 after buying an additional 213,529 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 valued at $1,670,000 after buying an additional 1,872 shares during the last quarter. Finally, 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 valued at $1,520,000 after buying an additional 18,553 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).

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