Teacher Retirement System of Texas raised its stake in Telephone and Data Systems, Inc. (NYSE:TDSFree Report) by 24.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,132 shares of the Wireless communications provider’s stock after buying an additional 14,203 shares during the period. Teacher Retirement System of Texas owned about 0.06% of Telephone and Data Systems worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System purchased a new stake in shares of Telephone and Data Systems in the fourth quarter valued at approximately $905,000. FMR LLC grew its position in shares of Telephone and Data Systems by 6.8% during the 3rd quarter. FMR LLC now owns 1,116,774 shares of the Wireless communications provider’s stock worth $20,448,000 after buying an additional 70,832 shares in the last quarter. Barclays PLC increased its stake in shares of Telephone and Data Systems by 134.2% during the third quarter. Barclays PLC now owns 237,254 shares of the Wireless communications provider’s stock valued at $4,344,000 after buying an additional 135,970 shares during the period. Loomis Sayles & Co. L P purchased a new position in shares of Telephone and Data Systems during the third quarter valued at $4,952,000. Finally, Deutsche Bank AG raised its holdings in shares of Telephone and Data Systems by 15.6% in the third quarter. Deutsche Bank AG now owns 48,419 shares of the Wireless communications provider’s stock valued at $887,000 after acquiring an additional 6,543 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. cut their price objective on shares of Telephone and Data Systems from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, May 13th.

Check Out Our Latest Report on Telephone and Data Systems

Telephone and Data Systems Trading Up 1.8 %

TDS opened at $20.80 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.84. The business’s 50-day moving average is $16.36 and its two-hundred day moving average is $17.43. Telephone and Data Systems, Inc. has a 1 year low of $6.43 and a 1 year high of $21.75.

Telephone and Data Systems (NYSE:TDSGet Free Report) last released its quarterly earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business earned ($0.08) EPS. The company’s revenue was down 3.1% compared to the same quarter last year. Sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -0.48 EPS for the current fiscal year.

Telephone and Data Systems Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding TDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telephone and Data Systems, Inc. (NYSE:TDSFree Report).

Institutional Ownership by Quarter for Telephone and Data Systems (NYSE:TDS)



Receive News & Ratings for Telephone and Data Systems Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Telephone and Data Systems and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *