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Allianz Asset Management GmbH Purchases 80,670 Shares of Telephone and Data Systems, Inc. $TDS
Allianz Asset Management GmbH increased its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 21.5% in the third quarter, purchasing an additional 80,670 shares to bring its total holdings to 456,451 shares valued at $17.91 million. This move is part of broader institutional investor activity, with several other firms also adjusting their positions in the wireless communications provider. Analyst ratings for TDS are currently mixed, with a consensus “Hold” rating and a target price of $51.67.