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

Telephone and Data Systems, Inc. (NYSE:TDS) has received an average rating of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $47.50.

TDS has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their target price 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. Zacks Research downgraded shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 9th. Citigroup cut their price target on shares of Telephone and Data Systems from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Finally, Weiss Ratings raised shares of Telephone and Data Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday.

Institutional Trading of Telephone and Data Systems

A number of institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its position in Telephone and Data Systems by 29.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,085 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 245 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in Telephone and Data Systems by 446.9% in the second quarter. TD Waterhouse Canada Inc. now owns 1,340 shares of the Wireless communications provider’s stock valued at $50,000 after buying an additional 1,095 shares during the last quarter. Nykredit A S acquired a new stake in Telephone and Data Systems in the second quarter worth about $59,000. Fulcrum Asset Management LLP boosted its holdings in Telephone and Data Systems by 2,367.5% in the third quarter. Fulcrum Asset Management LLP now owns 1,974 shares of the Wireless communications provider’s stock worth $67,000 after acquiring an additional 1,894 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Telephone and Data Systems by 16.3% in the second quarter. Versant Capital Management Inc now owns 2,730 shares of the Wireless communications provider’s stock worth $101,000 after acquiring an additional 383 shares in the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Stock Performance

TDS stock opened at $32.86 on Wednesday. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 8.03 and a beta of 0.36. The firm has a 50-day simple moving average of $35.31 and a two-hundred day simple moving average of $39.24. Telephone and Data Systems has a one year low of $30.71 and a one year high of $49.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.00 and a current ratio of 4.01.

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

Telephone and Data Systems Announces Dividend

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

Telephone and Data Systems Company Profile

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.