Telephone and Data Systems, Inc. (NYSE:TDS) Stock Has Consensus Target Price of $47.50 According to Analysts

Shares of Telephone and Data Systems, Inc. (NYSE:TDS) have been assigned a consensus rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $47.50.

A number of research firms have recently issued reports on TDS. JPMorgan Chase & Co. dropped their price target on Telephone and Data Systems from $51.00 to $48.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 19th. Zacks Research downgraded Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Citigroup reduced their price objective on Telephone and Data Systems from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Finally, Weiss Ratings downgraded shares of Telephone and Data Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th.

Telephone and Data Systems Stock Performance

TDS traded down $0.10 during midday trading on Friday, reaching $33.92. The company had a trading volume of 1,623,545 shares, compared to its average volume of 1,936,697. The business has a 50-day moving average of $35.23 and a two-hundred day moving average of $38.18. The company has a quick ratio of 3.81, a current ratio of 3.82 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.90 billion, a P/E ratio of 11.31 and a beta of 0.32. Telephone and Data Systems has a 1 year low of $31.51 and a 1 year high of $49.12.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, August 7th. The Wireless communications provider reported $2.24 earnings per share for the quarter, beating the consensus estimate of $0.09 by $2.15. Telephone and Data Systems had a net margin of 33.20% and a return on equity of 11.97%. The company had revenue of $309.28 million during the quarter, compared to analysts’ expectations of $315.78 million. During the same period last year, the company posted ($0.05) earnings per share. Telephone and Data Systems’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that Telephone and Data Systems will post -0.24 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Telephone and Data Systems’s payout ratio is presently 5.33%.

Institutional Investors Weigh In On Telephone and Data Systems

Several institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its holdings in Telephone and Data Systems by 2,779.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,123 shares of the Wireless communications provider’s stock worth $46,000 after acquiring an additional 1,084 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Telephone and Data Systems by 29.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,085 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 245 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in Telephone and Data Systems by 446.9% during the second quarter. TD Waterhouse Canada Inc. now owns 1,340 shares of the Wireless communications provider’s stock worth $50,000 after buying an additional 1,095 shares in the last quarter. Nykredit A S purchased a new stake in Telephone and Data Systems during the second quarter worth $59,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in shares of Telephone and Data Systems in the first quarter valued at about $90,000. Hedge funds and other 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 telecommunications company founded in 1969 and headquartered in Chicago, Illinois. Through its operating businesses, the company provides connectivity and communications services to residential, business and institutional customers in communities across the United States.

TDS Telecom is the company’s primary operating business and offers broadband internet, voice, video and related communications services. Its broadband network includes fiber-optic and other high-speed technologies, while its business services include managed networking, cloud-based solutions, hosted communications and other technology services for organizations.

Historically, TDS also owned UScellular, a wireless communications provider serving customers in portions of the United States.