Telephone and Data Systems (NYSE:TDS) Sets New 12-Month Low – Should You Sell?

Telephone and Data Systems, Inc. (NYSE:TDSGet Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $35.17 and last traded at $35.4090, with a volume of 598674 shares traded. The stock had previously closed at $35.35.

Analyst Upgrades and Downgrades

TDS has been the subject of several research analyst reports. Raymond James Financial lowered 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 lowered shares of Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Finally, Wall Street Zen raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $53.33.

Read Our Latest Report on TDS

Telephone and Data Systems Price Performance

The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.02 billion, a PE ratio of 66.67 and a beta of 0.30. The stock has a 50-day moving average price of $40.46 and a 200 day moving average price of $42.59.

Telephone and Data Systems (NYSE:TDSGet Free Report) last released its 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. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.54%. The business had revenue of $309.45 million during the quarter, compared to analysts’ expectations of $313.27 million. During the same quarter in the previous year, the company earned ($0.09) earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that Telephone and Data Systems, Inc. will post 0.94 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

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

Institutional Investors Weigh In On Telephone and Data Systems

A number of large investors have recently modified their holdings of TDS. Carronade Capital Management LP increased its stake in Telephone and Data Systems by 8.5% during the third quarter. Carronade Capital Management LP now owns 3,680,500 shares of the Wireless communications provider’s stock worth $144,423,000 after acquiring an additional 288,000 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Telephone and Data Systems by 343.6% during the 4th quarter. SG Americas Securities LLC now owns 39,597 shares of the Wireless communications provider’s stock worth $1,623,000 after purchasing an additional 30,670 shares during the period. Oaktree Capital Management LP acquired a new stake in shares of Telephone and Data Systems during the 3rd quarter worth about $144,732,000. Assenagon Asset Management S.A. raised its holdings in Telephone and Data Systems by 208.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 301,529 shares of the Wireless communications provider’s stock valued at $12,363,000 after buying an additional 203,856 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Telephone and Data Systems by 225.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 24,790 shares of the Wireless communications provider’s stock valued at $1,016,000 after buying an additional 17,172 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Company Profile

(Get Free Report)

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.

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