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

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 note issued to investors on Tuesday,Zacks.com reports.

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

Telephone and Data Systems Trading Down 0.1%

Shares of NYSE TDS opened at $33.29 on Tuesday. Telephone and Data Systems has a 12-month low of $31.51 and a 12-month high of $49.12. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 11.10 and a beta of 0.32. 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 stock’s 50 day simple moving average is $36.17 and its 200 day simple moving average is $41.18.

Institutional Trading of Telephone and Data Systems

Several hedge funds have recently added to or reduced their stakes in the business. Knighthead Capital Management LLC acquired a new stake in shares of Telephone and Data Systems in the 1st quarter worth approximately $18,764,000. Carronade Capital Management LP boosted its holdings in shares of Telephone and Data Systems by 10.0% in the first quarter. Carronade Capital Management LP now owns 4,623,934 shares of the Wireless communications provider’s stock valued at $194,668,000 after acquiring an additional 420,340 shares in the last quarter. Rokos Capital Management LLP acquired a new position in shares of Telephone and Data Systems during the first quarter valued at approximately $21,040,000. 140 Summer Partners LP increased its stake in shares of Telephone and Data Systems by 5.3% during the fourth quarter. 140 Summer Partners LP now owns 1,315,306 shares of the Wireless communications provider’s stock valued at $53,928,000 after acquiring an additional 66,148 shares during the period. Finally, Horizon Investments LLC raised its holdings in Telephone and Data Systems by 186.7% during the fourth quarter. Horizon Investments LLC now owns 39,891 shares of the Wireless communications provider’s stock worth $1,636,000 after purchasing an additional 25,975 shares in the last quarter. 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.