Anita Kroll Sells 870 Shares of Telephone and Data Systems (NYSE:TDS) Stock

Telephone and Data Systems, Inc. (NYSE:TDS) CAO Anita Kroll sold 870 shares of Telephone and Data Systems stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $39.16, for a total transaction of $34,069.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Telephone and Data Systems Price Performance

Shares of TDS stock opened at $38.59 on Friday. The firm has a fifty day simple moving average of $38.70 and a 200-day simple moving average of $37.31. The company has a market capitalization of $4.44 billion, a PE ratio of -39.79 and a beta of 0.35. Telephone and Data Systems, Inc. has a twelve month low of $30.38 and a twelve month high of $42.74. The company has a current ratio of 1.78, a quick ratio of 1.65 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, November 7th. The Wireless communications provider reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.13. The firm had revenue of $308.52 million for the quarter, compared to the consensus estimate of $1.16 billion. Telephone and Data Systems had a negative net margin of 0.85% and a positive return on equity of 0.92%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.73) EPS. Equities research analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TDS. Xponance Inc. raised its position in shares of Telephone and Data Systems by 4.5% during the 1st quarter. Xponance Inc. now owns 7,485 shares of the Wireless communications provider’s stock valued at $290,000 after acquiring an additional 324 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in Telephone and Data Systems by 115.4% in the first quarter. Mutual of America Capital Management LLC now owns 187,845 shares of the Wireless communications provider’s stock worth $7,277,000 after purchasing an additional 100,623 shares during the period. New York State Common Retirement Fund increased its stake in Telephone and Data Systems by 9.4% during the first quarter. New York State Common Retirement Fund now owns 32,435 shares of the Wireless communications provider’s stock valued at $1,257,000 after purchasing an additional 2,800 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Telephone and Data Systems during the first quarter worth $5,874,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Telephone and Data Systems by 150.4% during the first quarter. Victory Capital Management Inc. now owns 90,154 shares of the Wireless communications provider’s stock worth $3,493,000 after purchasing an additional 54,143 shares during the period. Institutional investors and hedge funds own 80.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TDS. Zacks Research upgraded Telephone and Data Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Weiss Ratings raised Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. increased their target price on Telephone and Data Systems from $53.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Wall Street Zen raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Finally, Raymond James Financial lifted their price target on shares of Telephone and Data Systems from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $52.00.

About Telephone and Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.