Telephone & Data Systems, Inc. (NYSE:TDS)’s stock gets “neutral” rating


Dallas, Texas 07/16/2013 (Financialstrend) – Recently, Vital Support Systems, part of Telephone & Data Systems, Inc. (NYSE:TDS) announced that company has been named a Silver EMC Velocity Service Provider partner. The EMC Velocity Service Provider Program is a comprehensive and multi-faceted program which empowers companies to create, market, plan, deploy and sell cloud services of EMC. Telephone and Data Systems, Inc. is a provider of wireless broadband, TV and voice services. U.S. Cellular [NYSE:USM] in which Telephone and Data Systems, Inc.  owns majority ownership, recently announced that the board of directors of the company appointed Kenneth R. Meyers as chief executive officer (CEO) and president. Meyers has been chief financial officer (CFO) and executive vice president of Telephone and Data Systems, Inc. [NYSE:TDS]. He also has three years of experience in Telephone & Data Systems, Inc. and U.S cellular as CEO.

An analyst of Zacks rated the stock of Telephone & Data Systems, Inc. (NYSE:TDS) as “neutral”.  Analysts at Raymond James assigned an “outperform” rating. Three analysts have assigned a “buy” and three a “hold” rating to the company. Shares of Telephone & Data Systems were downgraded from a “buy” rating to a “hold” rating by The Street.

Intraday range was from a low price of $24.85 to a high price of $26.06. The share price of Telephone & Data Systems, Inc. (NYSE: TDS) closed for the day at $25.90 with an increase of 7.11%. The low price of Telephone & Data Systems for the past 52 weeks was $20.57 and the high $26.99. The stock opened at the price of $24.85 on Monday with a market capitalization of $2.80 billion and 108.08 million outstanding shares. With an institutional ownership of 81%, the trading volume for the day of Telephone & Data Systems was 1.84 million and the average trading volume was 526,856.00 shares.