Analysts Set Telephone and Data Systems, Inc. (NYSE:TDS) PT at $53.33

Shares of Telephone and Data Systems, Inc. (NYSE:TDS) have been given a consensus recommendation of “Hold” by the five research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $53.3333.

TDS has been the topic of several research analyst reports. 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. Raymond James Financial cut shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. Weiss Ratings cut shares of Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, 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.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. grew its position in Telephone and Data Systems by 65.6% during the third quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 277 shares during the last quarter. Salomon & Ludwin LLC grew its position in Telephone and Data Systems by 51.3% during the fourth quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 231 shares during the last quarter. Jones Financial Companies Lllp grew its position in Telephone and Data Systems by 121.3% during the third quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock valued at $31,000 after acquiring an additional 455 shares during the last quarter. JPL Wealth Management LLC bought a new position in Telephone and Data Systems during the third quarter valued at approximately $33,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Telephone and Data Systems by 2,779.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,123 shares of the Wireless communications provider’s stock valued at $46,000 after acquiring an additional 1,084 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

Telephone and Data Systems Trading Down 0.2%

Shares of Telephone and Data Systems stock opened at $39.52 on Friday. Telephone and Data Systems has a 12-month low of $32.60 and a 12-month high of $49.12. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 74.57 and a beta of 0.28. The company has a current ratio of 3.43, a quick ratio of 3.42 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $42.22 and its 200-day moving average price is $42.66.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of ($0.87) by $1.98. The company had revenue of $309.45 million for the quarter, compared to analysts’ expectations of $313.28 million. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.54%. Telephone and Data Systems’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) earnings per share. On average, equities analysts expect that Telephone and Data Systems will post 0.94 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio is 30.19%.

About Telephone and Data Systems

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.