Telephone and Data Systems (NYSE:TDS) Raised to Hold at Wall Street Zen

Telephone and Data Systems (NYSE:TDS) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

TDS has been the subject of a number of other research reports. Citigroup upped their price objective on shares of Telephone and Data Systems from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings upgraded shares of Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.33.

Telephone and Data Systems Stock Up 0.0%

Shares of NYSE:TDS opened at $46.48 on Friday. The stock has a market cap of $5.29 billion, a P/E ratio of 87.71 and a beta of 0.33. The firm has a fifty day moving average price of $44.32 and a 200 day moving average price of $42.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.10 and a quick ratio of 2.09. Telephone and Data Systems has a 1-year low of $32.60 and a 1-year high of $49.12.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.87) by $1.98. The company had revenue of $309.45 million during the quarter, compared to the consensus estimate of $313.28 million. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.48%. Telephone and Data Systems’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.09) EPS. Sell-side analysts predict that Telephone and Data Systems will post -0.74 EPS for the current year.

Hedge Funds Weigh In On Telephone and Data Systems

Several hedge funds have recently added to or reduced their stakes in TDS. Royal Bank of Canada increased its holdings in Telephone and Data Systems by 25.8% during the 1st quarter. Royal Bank of Canada now owns 42,165 shares of the Wireless communications provider’s stock valued at $1,633,000 after acquiring an additional 8,640 shares in the last quarter. AQR Capital Management LLC increased its holdings in Telephone and Data Systems by 21.3% during the 1st quarter. AQR Capital Management LLC now owns 67,125 shares of the Wireless communications provider’s stock valued at $2,574,000 after acquiring an additional 11,769 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Telephone and Data Systems by 4.6% during the 1st 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 1st quarter valued at about $248,000. Finally, Russell Investments Group Ltd. increased its holdings in Telephone and Data Systems by 358.3% during the 2nd 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 in the last quarter. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems News Summary

Here are the key news stories impacting Telephone and Data Systems this week:

• Positive Sentiment: TDS reported first-quarter 2026 EPS of $1.11, beating Wall Street’s expectation of a loss and signaling a much stronger quarter than analysts had modeled. Revenue also rose 6.5% year over year, reinforcing the improving operating trend. TDS reports first quarter 2026 results
• Positive Sentiment: The company announced a proposal to acquire the public shares of Array Digital Infrastructure in an all-stock deal, which TDS says could streamline its structure and improve capital flexibility for long-term growth. Telephone and Data Systems Announces Proposal to Acquire Public Shares of Array Digital Infrastructure
• Neutral Sentiment: Array Digital Infrastructure formed a special committee of independent directors to review TDS’s non-binding acquisition proposal, indicating the deal is still preliminary and subject to negotiation and approval. Array Digital Infrastructure Forms Special Committee
• Neutral Sentiment: Zacks highlighted that investors were watching key Q1 operating metrics versus estimates and year-ago figures, but the main takeaway remains that TDS delivered a strong earnings surprise. Compared to Estimates, TDS (TDS) Q1 Earnings: A Look at Key Metrics

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.