Telephone and Data Systems, Inc. (NYSE:TDS) was upgraded by analysts at Drexel Hamilton from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Several other research firms have also recently issued reports on TDS. BidaskClub cut shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Zacks Investment Research cut shares of Telephone and Data Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $32.00.

Shares of Telephone and Data Systems (NYSE TDS) opened at $25.33 on Thursday. The stock has a market cap of $3,002.09, a P/E ratio of 56.54, a PEG ratio of 14.67 and a beta of 1.02. The company has a current ratio of 2.45, a quick ratio of 2.26 and a debt-to-equity ratio of 0.51. Telephone and Data Systems has a 1 year low of $24.84 and a 1 year high of $32.97.

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Hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. grew its holdings in shares of Telephone and Data Systems by 24.6% in the second quarter. Prudential Financial Inc. now owns 1,007,313 shares of the Wireless communications provider’s stock valued at $27,953,000 after purchasing an additional 199,030 shares in the last quarter. Virginia Retirement Systems ET AL grew its holdings in shares of Telephone and Data Systems by 53.1% in the second quarter. Virginia Retirement Systems ET AL now owns 48,700 shares of the Wireless communications provider’s stock valued at $1,351,000 after purchasing an additional 16,900 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Telephone and Data Systems by 1.0% in the second quarter. Vanguard Group Inc. now owns 9,763,784 shares of the Wireless communications provider’s stock valued at $270,946,000 after purchasing an additional 95,665 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Telephone and Data Systems by 15.0% in the second quarter. Nordea Investment Management AB now owns 67,913 shares of the Wireless communications provider’s stock valued at $1,885,000 after purchasing an additional 8,848 shares in the last quarter. Finally, Systematic Financial Management LP grew its holdings in shares of Telephone and Data Systems by 6.9% in the second quarter. Systematic Financial Management LP now owns 61,555 shares of the Wireless communications provider’s stock valued at $1,708,000 after purchasing an additional 3,985 shares in the last quarter. 82.13% of the stock is owned by hedge funds and other institutional investors.

About Telephone and Data Systems

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

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