Telephone and Data Systems, Inc. (NYSE:TDS) Receives $53.33 Average Price Target from Analysts

Shares of Telephone and Data Systems, Inc. (NYSE:TDS) have received a consensus rating of “Hold” from the five research firms that are covering the firm, 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 12-month price objective among brokers that have updated their coverage on the stock in the last year is $53.3333.

TDS has been the topic of several recent research reports. Raymond James Financial downgraded shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Telephone and Data Systems in a research report on Friday, June 5th. Citigroup upped their target price on Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Saturday, May 30th.

Telephone and Data Systems Stock Up 0.3%

Telephone and Data Systems stock opened at $39.52 on Friday. Telephone and Data Systems has a fifty-two week low of $32.60 and a fifty-two week high of $49.12. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 74.57 and a beta of 0.28. The stock’s fifty day moving average is $42.35 and its two-hundred day moving average is $42.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.42 and a current ratio of 3.43.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $1.11 EPS for the quarter, topping the consensus estimate of ($0.87) by $1.98. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.54%. The business had revenue of $309.45 million for the quarter, compared to analyst estimates of $313.28 million. During the same period in the previous year, the firm earned ($0.09) EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts predict that Telephone and Data Systems will post 0.94 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio is currently 30.19%.

Institutional Trading of Telephone and Data Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carronade Capital Management LP increased its position in Telephone and Data Systems by 8.5% during the 3rd quarter. Carronade Capital Management LP now owns 3,680,500 shares of the Wireless communications provider’s stock worth $144,423,000 after purchasing an additional 288,000 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in Telephone and Data Systems by 244.2% during the third quarter. Segall Bryant & Hamill LLC now owns 45,152 shares of the Wireless communications provider’s stock valued at $1,772,000 after buying an additional 32,035 shares in the last quarter. SG Americas Securities LLC grew its stake in Telephone and Data Systems by 343.6% during the fourth quarter. SG Americas Securities LLC now owns 39,597 shares of the Wireless communications provider’s stock worth $1,623,000 after buying an additional 30,670 shares during the period. Oaktree Capital Management LP acquired a new stake in shares of Telephone and Data Systems in the third quarter worth $144,732,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Telephone and Data Systems by 208.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 301,529 shares of the Wireless communications provider’s stock worth $12,363,000 after acquiring an additional 203,856 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

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.