Telephone and Data Systems, Inc. (NYSE:TDS – Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $33.01 and last traded at $33.7550, with a volume of 54826 shares trading hands. The stock had previously closed at $33.81.
Analyst Ratings Changes
Several equities research analysts recently weighed in on TDS shares. Weiss Ratings downgraded shares of Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Raymond James Financial cut shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $53.33.
Read 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 announced its earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share (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 for the quarter, compared to analyst estimates of $313.27 million. During the same period last year, the firm posted ($0.09) earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts anticipate that Telephone and Data Systems, Inc. will post 0.94 earnings per share for the current year.
Telephone and Data Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.16 annualized dividend and a yield of 0.5%. Telephone and Data Systems’s dividend payout ratio is currently 30.19%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of TDS. Milestone Asset Management LLC purchased a new position in Telephone and Data Systems in the 2nd quarter valued at $1,053,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Telephone and Data Systems by 174.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 19,727 shares of the Wireless communications provider’s stock valued at $673,000 after acquiring an additional 12,530 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Telephone and Data Systems by 13.8% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,424 shares of the Wireless communications provider’s stock worth $571,000 after acquiring an additional 1,875 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Telephone and Data Systems by 15.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 34,770 shares of the Wireless communications provider’s stock worth $1,287,000 after purchasing an additional 4,692 shares in the last quarter. Finally, Cooper Investors PTY Ltd. lifted its position in Telephone and Data Systems by 8.4% in the second quarter. Cooper Investors PTY Ltd. now owns 212,845 shares of the Wireless communications provider’s stock valued at $7,877,000 after purchasing an additional 16,424 shares during the period. Institutional investors and hedge funds own 80.00% of the company’s stock.
Telephone and Data Systems Company Profile
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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