Shares of Telephone and Data Systems, Inc. (NYSE:TDS – Get Free Report) have been given an average recommendation of “Hold” by the five brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $53.3333.
TDS has been the subject of several analyst reports. Citigroup raised their target price on 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. Raymond James Financial downgraded Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. Weiss Ratings upgraded Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 24th. Finally, Wall Street Zen downgraded Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Sunday.
Check Out Our Latest Stock Report on Telephone and Data Systems
Telephone and Data Systems Price Performance
Telephone and Data Systems (NYSE:TDS – Get Free Report) last posted its earnings results 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. The business had revenue of $309.45 million during the quarter, compared to the consensus estimate of $313.28 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 company earned ($0.09) EPS. As a group, equities analysts expect that Telephone and Data Systems will post 0.94 EPS for the current year.
Telephone and Data Systems Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $0.04 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.16 annualized dividend and a yield of 0.4%. Telephone and Data Systems’s payout ratio is presently 30.19%.
Hedge Funds Weigh In On Telephone and Data Systems
Institutional investors have recently bought and sold shares of 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 buying an additional 231 shares during the period. Bessemer Group Inc. increased its stake in shares of Telephone and Data Systems by 65.6% in the 3rd quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 277 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Telephone and Data Systems by 121.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 455 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Telephone and Data Systems in the 3rd quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Telephone and Data Systems by 29.2% in the 1st 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 during the period. Institutional investors own 80.00% of the company’s stock.
About Telephone and Data Systems
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.
Read More
- Five stocks we like better than Telephone and Data Systems
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
Receive News & Ratings for Telephone and Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telephone and Data Systems and related companies with MarketBeat.com's FREE daily email newsletter.
