StockNews.com Upgrades Telephone and Data Systems (NYSE:TDS) to “Hold”

Telephone and Data Systems (NYSE:TDS) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Telephone and Data Systems Stock Up 9.3 %

TDS stock traded up $1.33 during midday trading on Monday, reaching $15.69. 1,878,432 shares of the company’s stock traded hands, compared to its average volume of 963,611. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.84. The firm’s fifty day moving average price is $15.63 and its 200-day moving average price is $17.35. Telephone and Data Systems has a 52 week low of $6.43 and a 52 week high of $21.75. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -3.22 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.15. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm posted ($0.08) earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts forecast that Telephone and Data Systems will post -1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Telephone and Data Systems

A number of institutional investors have recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in Telephone and Data Systems in the fourth quarter worth $25,000. Anchor Investment Management LLC bought a new stake in shares of Telephone and Data Systems during the 4th quarter worth $46,000. Quarry LP purchased a new position in shares of Telephone and Data Systems in the 4th quarter worth about $60,000. GAMMA Investing LLC bought a new position in Telephone and Data Systems during the fourth quarter valued at about $93,000. Finally, Quadrant Capital Group LLC increased its holdings in Telephone and Data Systems by 14.0% during the fourth quarter. Quadrant Capital Group LLC now owns 5,062 shares of the Wireless communications provider’s stock worth $93,000 after buying an additional 622 shares during the last quarter. 80.00% of the stock is owned by institutional investors.

About Telephone and Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.