Telephone & Data Systems, Inc. (TDS) CAO Sells $127,596.00 in Stock

Telephone & Data Systems, Inc. (NYSE:TDS) CAO Douglas W. Chambers sold 4,340 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $29.40, for a total transaction of $127,596.00. Following the transaction, the chief accounting officer now directly owns 10,545 shares of the company’s stock, valued at approximately $310,023. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Telephone & Data Systems opened at $30.00 on Friday, according to Marketbeat.com. Telephone & Data Systems, Inc. has a 1 year low of $23.54 and a 1 year high of $30.80. The firm has a market cap of $3.41 billion, a PE ratio of 54.39 and a beta of 0.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.96 and a quick ratio of 2.75.

Telephone & Data Systems (NYSE:TDS) last announced its quarterly earnings results on Friday, August 3rd. The Wireless communications provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. Telephone & Data Systems had a net margin of 3.53% and a return on equity of 1.98%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. analysts anticipate that Telephone & Data Systems, Inc. will post 0.68 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of TDS. Two Sigma Investments LP bought a new stake in shares of Telephone & Data Systems during the fourth quarter valued at about $712,000. Jane Street Group LLC bought a new stake in shares of Telephone & Data Systems during the fourth quarter valued at about $328,000. Macquarie Group Ltd. raised its stake in shares of Telephone & Data Systems by 76.8% during the fourth quarter. Macquarie Group Ltd. now owns 12,200 shares of the Wireless communications provider’s stock valued at $339,000 after purchasing an additional 5,300 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Telephone & Data Systems by 186.7% during the first quarter. Wells Fargo & Company MN now owns 132,692 shares of the Wireless communications provider’s stock valued at $3,720,000 after purchasing an additional 86,415 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Telephone & Data Systems by 375.8% during the first quarter. SG Americas Securities LLC now owns 156,335 shares of the Wireless communications provider’s stock valued at $4,382,000 after purchasing an additional 123,481 shares in the last quarter. Institutional investors and hedge funds own 83.22% of the company’s stock.

Several equities analysts have recently issued reports on TDS shares. JPMorgan Chase & Co. downgraded shares of Telephone & Data Systems from a “neutral” rating to an “underweight” rating and set a $34.00 price target for the company. in a report on Wednesday, July 11th. Zacks Investment Research raised shares of Telephone & Data Systems from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a report on Tuesday, July 3rd. ValuEngine downgraded shares of Telephone & Data Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Raymond James raised shares of Telephone & Data Systems from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 2nd. Finally, Citigroup boosted their price target on shares of Telephone & Data Systems from $37.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.67.

Telephone & Data Systems Company Profile

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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