Telephone & Data Systems Inc. (NYSE:TDS)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $31.83 and last traded at $31.61, with a volume of 157,711 shares trading hands. The stock had previously closed at $31.04.

Several research firms have issued reports on TDS. Zacks Investment Research cut shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a research note on Friday, May 13th. Morgan Stanley restated 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 $29.25 and its 200-day moving average is $27.39. The company has a market cap of $3.45 billion and a price-to-earnings ratio of 43.43.

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 the consensus estimate of $0.10 by $0.03. The company earned $1.24 million during the quarter, compared to analysts’ expectations of $1.26 million. Telephone & Data Systems’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 EPS. On average, equities analysts forecast that Telephone & Data Systems Inc. will post $0.40 earnings per share for the current fiscal year.

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.91%.

In related news, Director Clarence A. Davis sold 1,400 shares of Telephone & Data Systems stock in a transaction dated Friday, June 10th. The stock was 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 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 dated Wednesday, June 29th. The shares were sold at an average price of $28.58, for a total value 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.

Several hedge funds have recently added to or reduced their stakes in TDS. Liberty Mutual Group Asset Management Inc. increased its stake in 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. Comerica Bank raised its position in Telephone & Data Systems by 0.8% in the fourth quarter. Comerica Bank now owns 65,979 shares of the company’s stock valued at $1,574,000 after buying an additional 512 shares during the period. Mutual of America Capital Management LLC raised its position in 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 period. New York State Common Retirement Fund raised its position in Telephone & Data Systems by 3.4% in the fourth quarter. New York State Common Retirement Fund now owns 222,724 shares of the company’s stock valued at $5,766,000 after buying an additional 7,324 shares during the period. Finally, Russell Frank Co raised its position in Telephone & Data Systems by 7.7% in the fourth quarter. Russell Frank Co now owns 228,565 shares of the company’s stock valued at $5,998,000 after buying an additional 16,274 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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