Telephone and Data Systems, Inc. (TDS) Stock Rating Upgraded by Zacks Investment Research

Telephone and Data Systems, Inc. (NYSE:TDS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $29.00 price objective on the Wireless communications provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 14.94% from the stock’s previous close.

According to Zacks, “Telephone and Data Systems posted weak third-quarter 2017 results. Despite such results, the company is looking for lucrative opportunities to bring more fiber in order to better address services. By leveraging on fiber, the telco is trying to respond to customers' growing TV and broadband service demand. The company continues to expand its business in the managed hosting and cloud service market. Launch of Shared Data plans at nominal prices should help the company gain consumers. The company's IPTV is also doing considerably well. It continues to experience strong smartphone demand at its wireless wing, U.S. Cellular. Over the past three months, the stock price declined 13.2% while the industry lost 11.6%. However, intense competition, roaming revenues related woes, costs associated with network integration and construction of new cell sites, aggressive equipment pricing, wireless technology upgrades and spectrum licensing are other risks.”

Several other equities analysts also recently issued reports on TDS. BidaskClub downgraded Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Drexel Hamilton raised shares of Telephone and Data Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Telephone and Data Systems currently has an average rating of “Hold” and an average price target of $29.00.

Telephone and Data Systems (TDS) opened at $25.23 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.42 and a quick ratio of 2.29. Telephone and Data Systems has a 12-month low of $24.57 and a 12-month high of $32.97. The stock has a market capitalization of $2,819.58, a price-to-earnings ratio of 56.64, a P/E/G ratio of 10.26 and a beta of 1.02.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.09). Telephone and Data Systems had a negative net margin of 2.77% and a positive return on equity of 1.08%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the company earned $0.11 earnings per share. Telephone and Data Systems’s revenue was down 4.8% on a year-over-year basis. research analysts predict that Telephone and Data Systems will post 0.5 earnings per share for the current year.

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Large investors have recently bought and sold shares of the business. Prudential Financial Inc. boosted its holdings in Telephone and Data Systems by 24.6% in the second quarter. Prudential Financial Inc. now owns 1,007,313 shares of the Wireless communications provider’s stock valued at $27,953,000 after purchasing an additional 199,030 shares during the last quarter. Virginia Retirement Systems ET AL boosted its holdings in Telephone and Data Systems by 53.1% in the second quarter. Virginia Retirement Systems ET AL now owns 48,700 shares of the Wireless communications provider’s stock valued at $1,351,000 after purchasing an additional 16,900 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Telephone and Data Systems by 1.0% in the second quarter. Vanguard Group Inc. now owns 9,763,784 shares of the Wireless communications provider’s stock valued at $270,946,000 after purchasing an additional 95,665 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Telephone and Data Systems by 15.0% in the second quarter. Nordea Investment Management AB now owns 67,913 shares of the Wireless communications provider’s stock valued at $1,885,000 after purchasing an additional 8,848 shares during the last quarter. Finally, Systematic Financial Management LP boosted its holdings in Telephone and Data Systems by 6.9% in the second quarter. Systematic Financial Management LP now owns 61,555 shares of the Wireless communications provider’s stock valued at $1,708,000 after purchasing an additional 3,985 shares during the last quarter. 82.27% of the stock is currently owned by institutional investors.

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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