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

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

The company has a market capitalization of $3.46 billion and a price-to-earnings ratio of 43.61. The stock has a 50 day moving average of $29.34 and a 200 day moving average of $27.44.

Telephone & Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, May 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.03. The company earned $1.24 million during the quarter, compared to analyst estimates of $1.26 million. During the same quarter last year, the firm posted $1.33 EPS. Telephone & Data Systems’s revenue was down .7% compared to the same quarter last year. Analysts forecast that Telephone & Data Systems Inc. will post $0.40 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were given a dividend of $0.148 per share. The ex-dividend date was Tuesday, June 14th. This represents a $0.59 annualized dividend and a yield of 1.86%.

In related news, SVP Scott H. Williamson sold 13,146 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $28.58, for a total transaction of $375,712.68. Following the transaction, the senior vice president now directly owns 43,308 shares in the company, valued at approximately $1,237,742.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Clarence A. Davis sold 1,400 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The stock was 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 in the company, valued at $216,007.76. The disclosure for this sale can be found here.

A number of institutional investors recently bought and sold shares of TDS. 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 last quarter. Comerica Bank raised its stake 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 in the last quarter. New York State Common Retirement Fund raised its stake in shares of 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 worth $5,766,000 after buying an additional 7,324 shares in the last quarter. Liberty Mutual Group Asset Management Inc. raised its stake 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 in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake 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 in 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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