Telephone and Data Systems, Inc. (TDS) – What Are Analysts Thinking About This Stock?

by · The Markets Daily

Telephone and Data Systems, Inc. (NYSE:TDS – Get Free Report) has received an average recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $47.50.

Several research analysts have issued reports on the stock. Zacks Research cut shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. Citigroup reduced their price target on shares of Telephone and Data Systems from $50.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Weiss Ratings raised shares of Telephone and Data Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Telephone and Data Systems from $51.00 to $48.00 and set an “overweight” rating for the company in a research report on Wednesday, August 19th.

Check Out Our Latest Research Report on TDS

Telephone and Data Systems Price Performance

Shares of TDS stock opened at $32.86 on Wednesday. Telephone and Data Systems has a twelve month low of $30.71 and a twelve month high of $49.12. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 8.03 and a beta of 0.36. The stock has a fifty day simple moving average of $35.31 and a two-hundred day simple moving average of $39.24. The company has a current ratio of 4.01, a quick ratio of 4.00 and a debt-to-equity ratio of 0.16.

Telephone and Data Systems (NYSE:TDS – Get Free Report) last posted its quarterly earnings results on Friday, November 6th. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.15. The business had revenue of $306.69 million for the quarter, compared to the consensus estimate of $309.14 million. Telephone and Data Systems had a return on equity of 12.48% and a net margin of 43.41%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 EPS. On average, analysts predict that Telephone and Data Systems will post -0.24 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 15th. Telephone and Data Systems’s dividend payout ratio (DPR) is presently 3.91%.

Institutional Trading of Telephone and Data Systems

A number of hedge funds have recently bought and sold shares of the stock. Knighthead Capital Management LLC bought a new stake in Telephone and Data Systems during the 1st quarter valued at $18,764,000. Carronade Capital Management LP raised its position in shares of Telephone and Data Systems by 10.0% in the 1st quarter. Carronade Capital Management LP now owns 4,623,934 shares of the Wireless communications provider’s stock worth $194,668,000 after acquiring an additional 420,340 shares in the last quarter. Three Seasons Wealth LLC bought a new position in shares of Telephone and Data Systems in the 2nd quarter worth $1,433,000. Rokos Capital Management LLP bought a new position in shares of Telephone and Data Systems in the 1st quarter worth $21,040,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Telephone and Data Systems by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,482,147 shares of the Wireless communications provider’s stock worth $272,898,000 after acquiring an additional 90,097 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Company Profile

(Get Free Report)

Telephone and Data Systems, Inc. (TDS) is a U.S. telecommunications company founded in 1969. Its TDS Telecom business provides broadband, video and voice services to residential and business customers, using fiber and other wired networks as well as fixed wireless in some areas. TDS Telecom serves communities across multiple U.S. states, including smaller and rural markets. Its offerings include high-speed internet access, television service and business communications solutions. TDS has also operated wireless telecommunications businesses during its history.

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