Telephone and Data Systems (NYSE:TDS) Raised to “Strong-Buy” at Zacks Research

Telephone and Data Systems (NYSE:TDS) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings raised Telephone and Data Systems from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, Raymond James Financial cut Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Telephone and Data Systems currently has an average rating of “Moderate Buy” and a consensus target price of $56.00.

Telephone and Data Systems Stock Down 0.1%

TDS stock opened at $33.29 on Tuesday. The stock has a market capitalization of $3.79 billion, a PE ratio of 11.10 and a beta of 0.32. The company has a fifty day moving average of $36.17 and a 200-day moving average of $41.18. 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 one year low of $31.51 and a one year high of $49.12.

Institutional Trading of Telephone and Data Systems

Several institutional investors and hedge funds have recently modified their holdings of TDS. Salomon & Ludwin LLC grew its position in shares of Telephone and Data Systems by 51.3% in the fourth quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 231 shares during the last quarter. JPL Wealth Management LLC acquired a new position in shares of Telephone and Data Systems during the 3rd quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd raised its position in shares of 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 last quarter. EverSource Wealth Advisors LLC lifted its stake in Telephone and Data Systems by 29.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,085 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 245 shares in the last quarter. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Telephone and Data Systems in the 1st quarter valued at approximately $90,000. Hedge funds and other institutional investors own 80.00% of the company’s stock.

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.