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

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

A number of equities research analysts have commented on the company. Citigroup lifted their target price on Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Raymond James Financial downgraded Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. Wall Street Zen upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Telephone and Data Systems in a research report on Friday, June 5th.

Institutional Investors Weigh In On Telephone and Data Systems

Several institutional investors and hedge funds have recently modified their holdings of TDS. 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 valued at $28,000 after buying an additional 277 shares during the period. Salomon & Ludwin LLC raised its holdings in shares of Telephone and Data Systems by 51.3% in the 4th quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 231 shares during the period. 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 during the period. JPL Wealth Management LLC purchased a new stake in Telephone and Data Systems during the 3rd quarter worth about $33,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Telephone and Data Systems by 2,779.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,123 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 1,084 shares during the period. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Performance

NYSE TDS opened at $40.10 on Friday. The stock’s fifty day moving average is $42.78 and its two-hundred day moving average is $42.65. The firm has a market capitalization of $4.56 billion, a P/E ratio of 75.65 and a beta of 0.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.42 and a current ratio of 3.43. Telephone and Data Systems has a fifty-two week low of $32.60 and a fifty-two week high of $49.12.

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

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, June 16th. Telephone and Data Systems’s 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.