Victory Capital Management Inc. Acquires 3,691 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Victory Capital Management Inc. boosted its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 20.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,843 shares of the Wireless communications provider’s stock after purchasing an additional 3,691 shares during the quarter. Victory Capital Management Inc.’s holdings in Telephone and Data Systems were worth $401,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its position in shares of Telephone and Data Systems by 24.8% during the third quarter. Teacher Retirement System of Texas now owns 57,929 shares of the Wireless communications provider’s stock worth $1,061,000 after acquiring an additional 11,503 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in shares of Telephone and Data Systems during the third quarter valued at about $1,138,000. Barclays PLC increased its holdings in shares of Telephone and Data Systems by 134.2% in the third quarter. Barclays PLC now owns 237,254 shares of the Wireless communications provider’s stock worth $4,344,000 after purchasing an additional 135,970 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Telephone and Data Systems by 46.1% in the third quarter. New York State Common Retirement Fund now owns 40,344 shares of the Wireless communications provider’s stock worth $739,000 after buying an additional 12,723 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Telephone and Data Systems by 0.9% during the third quarter. Swiss National Bank now owns 219,600 shares of the Wireless communications provider’s stock valued at $4,021,000 after buying an additional 1,900 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TDS shares. StockNews.com raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Monday, May 6th. JPMorgan Chase & Co. lowered their price objective on shares of Telephone and Data Systems from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, May 13th.

Telephone and Data Systems Trading Down 0.4 %

TDS stock opened at $18.77 on Friday. Telephone and Data Systems, Inc. has a twelve month low of $6.43 and a twelve month high of $21.75. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of -3.85 and a beta of 0.81. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.84. The firm’s fifty day simple moving average is $16.70 and its two-hundred day simple moving average is $17.46.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.15. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) EPS. As a group, analysts anticipate that Telephone and Data Systems, Inc. will post -0.48 earnings per share for the current year.

Telephone and Data Systems Company Profile

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.