Telephone & Data Systems, Inc. (NYSE:TDS) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $35.78 and last traded at $35.35, with a volume of 55166 shares traded. The stock had previously closed at $35.29.

TDS has been the topic of several recent analyst reports. ValuEngine upgraded Telephone & Data Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. Citigroup boosted their price target on Telephone & Data Systems from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. B. Riley set a $42.00 price target on Telephone & Data Systems and gave the stock a “buy” rating in a research note on Wednesday. Raymond James boosted their price target on Telephone & Data Systems from $31.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Zacks Investment Research upgraded Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Wednesday, October 10th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $37.20.

The company has a debt-to-equity ratio of 0.46, a current ratio of 2.80 and a quick ratio of 2.75. The company has a market capitalization of $3.95 billion, a P/E ratio of 66.70 and a beta of 0.70.

Telephone & Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.16. Telephone & Data Systems had a return on equity of 2.43% and a net margin of 7.96%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. Research analysts expect that Telephone & Data Systems, Inc. will post 1.1 earnings per share for the current fiscal year.

In other Telephone & Data Systems news, SVP Jane W. Mccahon sold 12,761 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $30.38, for a total transaction of $387,679.18. Following the sale, the senior vice president now owns 21,672 shares in the company, valued at $658,395.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James W. Butman sold 37,600 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $35.50, for a total value of $1,334,800.00. Following the sale, the chief executive officer now owns 33,380 shares in the company, valued at approximately $1,184,990. The disclosure for this sale can be found here. In the last quarter, insiders sold 198,675 shares of company stock worth $6,429,267. Insiders own 17.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new stake in Telephone & Data Systems during the third quarter valued at approximately $100,000. Advisors Preferred LLC acquired a new stake in Telephone & Data Systems during the second quarter valued at approximately $134,000. Point72 Hong Kong Ltd acquired a new stake in Telephone & Data Systems during the second quarter valued at approximately $160,000. Sun Life Financial INC acquired a new stake in Telephone & Data Systems during the second quarter valued at approximately $178,000. Finally, Macquarie Group Ltd. raised its stake in Telephone & Data Systems by 38.9% during the second quarter. Macquarie Group Ltd. now owns 7,500 shares of the Wireless communications provider’s stock valued at $206,000 after buying an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 81.70% of the company’s stock.

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Telephone & Data Systems Company Profile (NYSE:TDS)

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

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