Telephone and Data Systems, Inc. (NYSE:TDS) has been assigned an average broker rating score of 2.60 (Hold) from the five brokers that cover the stock, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.

Analysts have set a one year consensus target price of $34.67 for the company and are predicting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Telephone and Data Systems an industry rank of 22 out of 265 based on the ratings given to its competitors.

A number of brokerages recently commented on TDS. Zacks Investment Research downgraded shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, March 8th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Telephone and Data Systems in a research report on Monday, February 27th. Finally, Drexel Hamilton downgraded shares of Telephone and Data Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 24th.

Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in Telephone and Data Systems by 2.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,094 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 84 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Telephone and Data Systems by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 7,923 shares of the Wireless communications provider’s stock valued at $210,000 after buying an additional 183 shares in the last quarter. Bank of Montreal Can increased its stake in Telephone and Data Systems by 14.9% in the first quarter. Bank of Montreal Can now owns 8,413 shares of the Wireless communications provider’s stock valued at $223,000 after buying an additional 1,091 shares in the last quarter. Parametrica Management Ltd acquired a new stake in Telephone and Data Systems during the first quarter valued at approximately $233,000. Finally, Quantitative Investment Management LLC acquired a new stake in Telephone and Data Systems during the first quarter valued at approximately $254,000. 81.15% of the stock is owned by institutional investors.

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Telephone and Data Systems (TDS) opened at 28.30 on Monday. The stock has a 50 day moving average of $27.56 and a 200-day moving average of $28.16. The stock has a market cap of $3.12 billion, a P/E ratio of 43.47 and a beta of 1.07. Telephone and Data Systems has a 52 week low of $24.12 and a 52 week high of $32.97.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings data on Friday, May 5th. The Wireless communications provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.32. Telephone and Data Systems had a net margin of 1.43% and a return on equity of 1.41%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the firm posted $0.07 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. Analysts forecast that Telephone and Data Systems will post $0.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, June 14th. Telephone and Data Systems’s dividend payout ratio is 96.88%.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

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