Telephone and Data Systems (NYSE:TDS – Free Report) had its target price cut by Citigroup from $50.00 to $47.00 in a research report released on Thursday morning,Benzinga reports. They currently have a buy rating on the Wireless communications provider’s stock.
TDS has been the topic of a number of other reports. Weiss Ratings raised Telephone and Data Systems from a “hold (c-)” rating to a “hold (c+)” rating in a report on Tuesday. Wall Street Zen raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Zacks Research raised Telephone and Data Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Raymond James Financial lowered Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.
Get Our Latest Report on Telephone and Data Systems
Telephone and Data Systems Stock Performance
Telephone and Data Systems Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is currently 5.33%.
Hedge Funds Weigh In On Telephone and Data Systems
A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of Telephone and Data Systems by 25.8% in the first quarter. Royal Bank of Canada now owns 42,165 shares of the Wireless communications provider’s stock worth $1,633,000 after buying an additional 8,640 shares during the last quarter. AQR Capital Management LLC grew its holdings in Telephone and Data Systems by 21.3% during the first quarter. AQR Capital Management LLC now owns 67,125 shares of the Wireless communications provider’s stock worth $2,574,000 after acquiring an additional 11,769 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Telephone and Data Systems by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,721 shares of the Wireless communications provider’s stock valued at $2,275,000 after acquiring an additional 2,572 shares in the last quarter. United Services Automobile Association purchased a new position in Telephone and Data Systems during the first quarter valued at approximately $248,000. Finally, Russell Investments Group Ltd. lifted its holdings in Telephone and Data Systems by 358.3% in the second quarter. Russell Investments Group Ltd. now owns 27,043 shares of the Wireless communications provider’s stock valued at $962,000 after acquiring an additional 21,142 shares during the period. Hedge funds and other 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
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
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.
