Shares of Telephone & Data Systems Under Pressure, Down 1.6%

Published on Fri, 03/01/2013 - 13:39
By Robert Cotter in Market movers, TDS, amex:tds, market movers, telephone & data systems

Down 1.6% to $22.52, Telephone & Data Systems (AMEX:TDS), is one of today's notable movers. The S&P is currently trading 0.2% higher to 1,518 and the Dow Jones Industrial Average is trading 0.3% higher to 14,090.

Telephone and Data Systems, Inc. is a diversified telecommunications company. The Company operates primarily in the cellular, local telephone, and personal communications services markets. Telephone and Data Systems provides telecommunications services throughout the United States.

In the past 52 weeks, Telephone & Data Systems share prices have been bracketed by a low of $19.20 and a high of $27.40 and are now at $22.52, 17% above that low price. The 200-day and 50-day moving averages have moved 0.09% higher and 0.44% higher over the past week, respectively.

Telephone & Data Systems (AMEX:TDS) has potential upside of 35.4% based on a current price of $22.52 and analysts' consensus price target of $30.50. The stock should find initial resistance at its 200-day moving average (MA) of $23.40 and further resistance at its 50-day MA of $24.07.

By Robert Cotter
rcotter@fnno.com

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