Telephone & Data (TDS) is Downgraded by JP Morgan to Neutral

Telephone & Data (TDS) is Downgraded by JP Morgan to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Overweight on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

Telephone & Data Systems Inc. is up 3.79% in the last 3-month period. Year-to-Date the stock performance stands at 4.71%.

Telephone and Data Systems, Inc. (NYSE:TDS) has lost 2.6% during the past week and dropped 7.47% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.78%. Telephone and Data Systems, Inc. (NYSE:TDS) has underperformed the index by 5.31% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Telephone and Data Systems, Inc. (NYSE:TDS) ended Thursday session in red amid volatile trading. The shares closed down 0.35 points or 1.33% at $25.89 with 368,650 shares getting traded. Post opening the session at $26.1, the shares hit an intraday low of $25.89 and an intraday high of $26.265 and the price vacillated in this range throughout the day. The company has a market cap of $2,816 million and the number of outstanding shares have been calculated to be 108,760,881 shares. The 52-week high of Telephone and Data Systems, Inc. (NYSE:TDS) is $30.76 and the 52-week low is $23.

Currently the company Insiders own 15.66% of Telephone and Data Systems, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.73% . Institutional Investors own 81.37% of Telephone and Data Systems, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -25.12%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Telephone & Data Systems Inc /De/, Carlson Prudence E had sold 1,385 shares worth of $36,218 in a transaction dated December 14, 2015. In this transaction, 1,385 shares were sold at $26.15 per share.

Telephone and Data Systems, Inc. (TDS) is a telecommunications service company with wireless operations. The Company provides wireless products and services; cable and wireline broadband, TV and voice services, and hosted and managed services. TDS conducts its wireless operations through its subsidiary, United States Cellular Corporation (U.S.Cellular). TDS provides wireline services, cable services and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom). TDS conducts printing and distribution services through its subsidiary, Suttle-Straus, Inc. The HMS segment provides colocation, dedicated hosting, hosted application management, cloud computing services and planning, engineering, procurement, installation, sales and management of IT infrastructure hardware solutions. The Company operates in four segments: U.S. Cellular, TDS Telecoms Wireline, Cable and HMS operations, and the Non-Reportable Segment.