Telephone and Data Systems, Inc. (NYSE:TDS) Given Consensus Rating of “Hold” by Brokerages

Telephone and Data Systems, Inc. (NYSE:TDS) has been given an average recommendation of “Hold” by the five analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $51.6667.

Several brokerages recently issued reports on TDS. Zacks Research lowered shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Telephone and Data Systems in a research report on Monday, December 29th. Citigroup boosted their target price on Telephone and Data Systems from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Finally, Wall Street Zen downgraded Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th.

Insider Transactions at Telephone and Data Systems

In other Telephone and Data Systems news, CAO Anita J. Kroll sold 870 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $39.16, for a total transaction of $34,069.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 14.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. raised its holdings 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 worth $28,000 after acquiring an additional 277 shares during the last quarter. Salomon & Ludwin LLC increased its holdings in Telephone and Data Systems by 51.3% during the 4th quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 231 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Telephone and Data Systems by 121.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 455 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Telephone and Data Systems in the third quarter worth approximately $33,000. Finally, Assetmark Inc. lifted its holdings in shares of Telephone and Data Systems by 53.1% in the second quarter. Assetmark Inc. now owns 1,297 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 450 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Price Performance

Shares of TDS opened at $45.82 on Monday. The firm has a market cap of $5.27 billion, a PE ratio of -42.43 and a beta of 0.32. Telephone and Data Systems has a 52-week low of $31.07 and a 52-week high of $47.07. The business’s 50 day moving average price is $41.62 and its two-hundred day moving average price is $39.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.89.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, November 7th. The Wireless communications provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.13. Telephone and Data Systems had a negative net margin of 1.46% and a positive return on equity of 1.15%. The company had revenue of $308.52 million during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business posted ($0.73) EPS. Telephone and Data Systems’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, equities analysts anticipate that Telephone and Data Systems will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, December 15th. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -14.81%.

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.