Telephone and Data Systems, Inc. (NYSE:TDS – Get Free Report) has earned an average recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $53.3333.
A number of analysts recently commented on the company. Weiss Ratings lowered Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Wall Street Zen upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Raymond James Financial lowered shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, May 11th.
View Our Latest Stock Report on TDS
Institutional Trading of Telephone and Data Systems
Telephone and Data Systems Stock Down 0.9%
NYSE:TDS opened at $34.92 on Thursday. The stock’s fifty day moving average price is $40.07 and its two-hundred day moving average price is $42.54. Telephone and Data Systems has a 52-week low of $34.75 and a 52-week high of $49.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.42 and a current ratio of 3.43. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 65.88 and a beta of 0.30.
Telephone and Data Systems (NYSE:TDS – Get Free Report) last released its earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 EPS for the quarter, beating the consensus estimate of ($0.87) by $1.98. The company had revenue of $309.45 million during the quarter, compared to analysts’ expectations of $313.27 million. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned ($0.09) EPS. On average, analysts anticipate 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, June 30th. Investors of record on Tuesday, June 16th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio is currently 30.19%.
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.
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