Telephone and Data Systems, Inc. (NYSE:TDS) Receives Average Rating of “Hold” from Brokerages

Shares of Telephone and Data Systems, Inc. (NYSE:TDS) have received an average rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $53.3333.

A number of equities analysts recently weighed in on the stock. 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 raised shares of Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 24th. Citigroup boosted their target price on Telephone and Data Systems from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Wall Street Zen lowered shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Sunday, May 17th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Carronade Capital Management LP grew its holdings in shares of Telephone and Data Systems by 8.5% during the 3rd quarter. Carronade Capital Management LP now owns 3,680,500 shares of the Wireless communications provider’s stock worth $144,423,000 after purchasing an additional 288,000 shares during the period. Allianz Asset Management GmbH raised its holdings in Telephone and Data Systems by 21.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 456,451 shares of the Wireless communications provider’s stock valued at $17,911,000 after buying an additional 80,670 shares during the period. Segall Bryant & Hamill LLC raised its holdings in Telephone and Data Systems by 244.2% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 45,152 shares of the Wireless communications provider’s stock valued at $1,772,000 after buying an additional 32,035 shares during the period. SG Americas Securities LLC lifted its position in Telephone and Data Systems by 343.6% in the fourth quarter. SG Americas Securities LLC now owns 39,597 shares of the Wireless communications provider’s stock valued at $1,623,000 after buying an additional 30,670 shares during the last quarter. Finally, Oaktree Capital Management LP acquired a new position in Telephone and Data Systems in the third quarter valued at about $144,732,000. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Stock Down 1.0%

NYSE TDS opened at $38.91 on Wednesday. The business has a fifty day moving average price of $43.55 and a 200 day moving average price of $42.57. 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 $4.43 billion, a P/E ratio of 73.42 and a beta of 0.33. Telephone and Data Systems has a one year low of $32.60 and a one year high of $49.12.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.87) by $1.98. The company had revenue of $309.45 million for the quarter, compared to analysts’ expectations of $313.28 million. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.54%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.09) EPS. Research analysts anticipate that Telephone and Data Systems will post 0.94 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Telephone and Data Systems’s payout ratio is presently 30.19%.

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.