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

Wall Street Zen upgraded shares of Telephone and Data Systems (NYSE:TDS) from a sell rating to a hold rating in a research report released on Saturday.

A number of other analysts have also issued reports on TDS. Weiss Ratings raised Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 24th. Citigroup raised their target price on Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Telephone and Data Systems presently has a consensus rating of “Moderate Buy” and an average target price of $53.33.

Telephone and Data Systems Stock Performance

Shares of NYSE TDS opened at $46.48 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.09 and a current ratio of 2.10. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 87.71 and a beta of 0.33. The business’s 50-day simple moving average is $44.32 and its 200-day simple moving average is $42.33. Telephone and Data Systems has a 52 week low of $32.60 and a 52 week high of $49.12.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.98. The business had revenue of $309.45 million for the quarter, compared to analyst estimates of $313.28 million. Telephone and Data Systems had a positive return on equity of 2.25% and a negative net margin of 0.21%.The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.09) EPS. As a group, equities research analysts expect that Telephone and Data Systems will post -0.74 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. Telephone and Data Systems’s dividend payout ratio (DPR) is -24.62%.

Institutional Trading of Telephone and Data Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oaktree Capital Management LP acquired a new stake in shares of Telephone and Data Systems during the 3rd quarter worth approximately $144,732,000. Rubric Capital Management LP acquired a new stake in shares of Telephone and Data Systems during the 3rd quarter worth approximately $62,784,000. Davidson Kempner Capital Management LP acquired a new stake in shares of Telephone and Data Systems during the 3rd quarter worth approximately $55,395,000. VR Advisory Services Ltd acquired a new stake in shares of Telephone and Data Systems during the 4th quarter worth approximately $23,493,000. Finally, Millennium Management LLC grew its holdings in shares of Telephone and Data Systems by 112.8% during the 4th quarter. Millennium Management LLC now owns 1,044,166 shares of the Wireless communications provider’s stock worth $42,811,000 after purchasing an additional 553,581 shares in the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

Key Headlines Impacting Telephone and Data Systems

Here are the key news stories impacting Telephone and Data Systems this week:

• Positive Sentiment: TDS reported first-quarter 2026 EPS of $1.11, beating Wall Street’s expectation of a loss and signaling a much stronger quarter than analysts had modeled. Revenue also rose 6.5% year over year, reinforcing the improving operating trend. TDS reports first quarter 2026 results
• Positive Sentiment: The company announced a proposal to acquire the public shares of Array Digital Infrastructure in an all-stock deal, which TDS says could streamline its structure and improve capital flexibility for long-term growth. Telephone and Data Systems Announces Proposal to Acquire Public Shares of Array Digital Infrastructure
• Neutral Sentiment: Array Digital Infrastructure formed a special committee of independent directors to review TDS’s non-binding acquisition proposal, indicating the deal is still preliminary and subject to negotiation and approval. Array Digital Infrastructure Forms Special Committee
• Neutral Sentiment: Zacks highlighted that investors were watching key Q1 operating metrics versus estimates and year-ago figures, but the main takeaway remains that TDS delivered a strong earnings surprise. Compared to Estimates, TDS (TDS) Q1 Earnings: A Look at Key Metrics

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.