Telephone and Data Systems (NYSE:TDS) Upgraded at Wall Street Zen

Telephone and Data Systems (NYSE:TDS) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

TDS has been the subject of several other research reports. 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. Weiss Ratings upgraded shares of Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 24th. Finally, Citigroup boosted their price objective on shares of Telephone and Data Systems from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Telephone and Data Systems presently has a consensus rating of “Hold” and a consensus target price of $53.33.

Telephone and Data Systems Stock Performance

TDS stock opened at $39.15 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.43 and a quick ratio of 3.42. The company has a 50 day moving average price of $43.37 and a 200 day moving average price of $42.57. Telephone and Data Systems has a fifty-two week low of $32.60 and a fifty-two week high of $49.12. The stock has a market capitalization of $4.46 billion, a PE ratio of 73.86 and a beta of 0.33.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share 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 firm had revenue of $309.45 million during the quarter, compared to analysts’ expectations of $313.28 million. During the same quarter in the previous year, the company posted ($0.09) EPS. Telephone and Data Systems’s revenue was up 6.5% on a year-over-year basis. Analysts forecast that Telephone and Data Systems will post 0.94 EPS for the current year.

Institutional Trading of Telephone and Data Systems

Several institutional investors and hedge funds have recently made changes to their positions in TDS. Bessemer Group Inc. raised its position in shares of Telephone and Data Systems by 65.6% during the 3rd quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 277 shares during the last quarter. Salomon & Ludwin LLC raised its position in shares of Telephone and Data Systems by 51.3% during the 4th quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 231 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Telephone and Data Systems by 121.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock valued at $31,000 after acquiring an additional 455 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of Telephone and Data Systems in the 3rd quarter valued at $33,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Telephone and Data Systems by 2,779.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,123 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 1,084 shares in the last quarter. 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.