Shares of Telephone & Data Systems, Inc. (NYSE:TDS) have been assigned an average rating of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $35.38.
TDS has been the subject of several recent research reports. TheStreet lowered shares of Telephone & Data Systems from a “b-” rating to a “c+” rating in a research report on Tuesday, August 20th. Raymond James upgraded shares of Telephone & Data Systems from an “outperform” rating to a “strong-buy” rating and decreased their price target for the stock from $35.00 to $32.00 in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. upgraded shares of Telephone & Data Systems from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research note on Monday, November 4th.
NYSE:TDS traded down $0.14 on Thursday, hitting $23.36. The stock had a trading volume of 419,436 shares, compared to its average volume of 761,686. The business’s 50-day simple moving average is $24.40 and its two-hundred day simple moving average is $27.46. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 19.96 and a beta of 1.03. Telephone & Data Systems has a 52-week low of $21.44 and a 52-week high of $37.29. The company has a quick ratio of 2.10, a current ratio of 2.24 and a debt-to-equity ratio of 0.62.
Telephone & Data Systems (NYSE:TDS) last released its quarterly earnings results on Thursday, October 31st. The Wireless communications provider reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). Telephone & Data Systems had a net margin of 2.44% and a return on equity of 2.35%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the company earned $0.41 EPS. Telephone & Data Systems’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Telephone & Data Systems will post 1.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a dividend of $0.165 per share. The ex-dividend date is Friday, December 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.83%. Telephone & Data Systems’s dividend payout ratio (DPR) is presently 56.41%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Krane Funds Advisors LLC bought a new stake in Telephone & Data Systems during the 2nd quarter valued at approximately $26,000. Resources Investment Advisors LLC. bought a new position in shares of Telephone & Data Systems during the second quarter worth $46,000. Doyle Wealth Management purchased a new position in Telephone & Data Systems during the second quarter valued at $79,000. Steward Partners Investment Advisory LLC purchased a new position in Telephone & Data Systems during the second quarter valued at $99,000. Finally, Atria Investments LLC purchased a new position in Telephone & Data Systems during the second quarter valued at $146,000. 81.78% of the stock is owned by institutional investors.
Telephone & Data Systems Company Profile
Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.
Read More: How to Use the New Google Finance Tool
Receive News & Ratings for Telephone & Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telephone & Data Systems and related companies with MarketBeat.com's FREE daily email newsletter.