Shares of Telephone and Data Systems, Inc. (NYSE:TDS) have earned an average broker rating score of 2.60 (Hold) from the five analysts that cover the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a twelve-month consensus price target of $34.67 for the company and are anticipating that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given Telephone and Data Systems an industry rank of 26 out of 265 based on the ratings given to related companies.
A number of brokerages have commented on TDS. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Telephone and Data Systems in a report on Monday, February 27th. Drexel Hamilton cut Telephone and Data Systems from a “buy” rating to a “hold” rating in a report on Friday, February 24th. Finally, Zacks Investment Research cut Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Wednesday, March 8th.
Telephone and Data Systems (NYSE:TDS) traded up 0.39% during trading on Monday, reaching $28.07. The company’s stock had a trading volume of 986,773 shares. Telephone and Data Systems has a 52 week low of $24.12 and a 52 week high of $32.98. The company has a market capitalization of $3.10 billion, a PE ratio of 43.12 and a beta of 1.07. The company has a 50 day moving average price of $27.68 and a 200-day moving average price of $28.19.
Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, May 5th. The Wireless communications provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.32. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Telephone and Data Systems had a return on equity of 1.41% and a net margin of 1.43%. Telephone and Data Systems’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 EPS. Equities research analysts anticipate that Telephone and Data Systems will post $0.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Wednesday, June 14th. Telephone and Data Systems’s dividend payout ratio (DPR) is 96.88%.
Several large investors have recently bought and sold shares of TDS. Russell Investments Group Ltd. acquired a new stake in Telephone and Data Systems during the fourth quarter valued at about $5,096,000. Comerica Bank boosted its stake in Telephone and Data Systems by 6.2% in the fourth quarter. Comerica Bank now owns 70,245 shares of the Wireless communications provider’s stock valued at $2,091,000 after buying an additional 4,097 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Telephone and Data Systems by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,839 shares of the Wireless communications provider’s stock valued at $400,000 after buying an additional 78 shares during the period. Dimensional Fund Advisors LP boosted its stake in Telephone and Data Systems by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,797,495 shares of the Wireless communications provider’s stock valued at $167,376,000 after buying an additional 65,709 shares during the period. Finally, Frontier Wealth Management LLC boosted its stake in Telephone and Data Systems by 6.6% in the fourth quarter. Frontier Wealth Management LLC now owns 18,137 shares of the Wireless communications provider’s stock valued at $524,000 after buying an additional 1,121 shares during the period. Institutional investors and hedge funds own 81.15% of the company’s stock.
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About Telephone and Data Systems
Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).
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