Telephone and Data Systems, Inc. (NYSE:TDS) Receives Average Recommendation of “Hold” from Brokerages

Telephone and Data Systems, Inc. (NYSE:TDS) has been assigned a consensus rating of “Hold” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $53.3333.

Several research firms recently weighed in on TDS. Raymond James Financial cut shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings cut shares of Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th.

Institutional Investors Weigh In On Telephone and Data Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC increased its stake in shares of Telephone and Data Systems by 51.3% in the 4th quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 231 shares during the last quarter. JPL Wealth Management LLC acquired a new position in shares of Telephone and Data Systems during the 3rd quarter worth $33,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Telephone and Data Systems by 2,779.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,123 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 1,084 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Telephone and Data Systems by 29.2% in the first 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. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Telephone and Data Systems in the first quarter valued at about $90,000. 80.00% of the stock is currently owned by institutional investors.

Telephone and Data Systems Stock Performance

NYSE:TDS opened at $34.07 on Thursday. The stock has a fifty day moving average price of $38.99 and a 200-day moving average price of $42.33. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 64.28 and a beta of 0.30. 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 has a fifty-two week low of $33.37 and a fifty-two week high of $49.12.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.87) by $1.98. The company had revenue of $309.45 million for the quarter, compared to analysts’ expectations of $313.27 million. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.Telephone and Data Systems’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.09) earnings per share. As a group, equities analysts anticipate that Telephone and Data Systems will post 0.94 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is 30.19%.

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.