Wall Street Zen Upgrades Telephone and Data Systems (NYSE:TDS) to “Hold”

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

TDS has been the subject of a number of other research reports. Zacks Research downgraded Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings restated a “sell (d)” rating on shares of Telephone and Data Systems in a research note on Monday, December 29th. Finally, Citigroup increased their price target on shares of Telephone and Data Systems from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $51.67.

Telephone and Data Systems Stock Performance

Shares of TDS opened at $45.21 on Friday. The stock has a 50-day moving average of $43.11 and a two-hundred day moving average of $40.33. Telephone and Data Systems has a one year low of $31.07 and a one year high of $47.79. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.09 and a current ratio of 2.10. The stock has a market cap of $5.20 billion, a P/E ratio of -69.55 and a beta of 0.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. increased its position in shares of Telephone and Data Systems by 5.3% during the 4th quarter. Invesco Ltd. now owns 1,249,344 shares of the Wireless communications provider’s stock worth $51,223,000 after purchasing an additional 62,688 shares during the last quarter. Beartown Capital Management LLC purchased a new position in Telephone and Data Systems during the fourth quarter worth about $3,075,000. NewEdge Advisors LLC increased its position in shares of Telephone and Data Systems by 1.5% during the fourth quarter. NewEdge Advisors LLC now owns 74,338 shares of the Wireless communications provider’s stock valued at $3,048,000 after acquiring an additional 1,134 shares during the last quarter. Sunstone Asset Management L.P. acquired a new stake in shares of Telephone and Data Systems during the fourth quarter valued at about $2,895,000. Finally, XTX Topco Ltd raised its stake in shares of Telephone and Data Systems by 142.3% in the 4th quarter. XTX Topco Ltd now owns 22,690 shares of the Wireless communications provider’s stock valued at $930,000 after acquiring an additional 13,327 shares during the period. Institutional investors and hedge funds 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.