Telephone & Data Systems, Inc. (NYSE:TDS) Receives $35.38 Average PT from Analysts

Telephone & Data Systems, Inc. (NYSE:TDS) has received a consensus rating of “Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $35.38.

Several equities analysts recently weighed in on TDS shares. Raymond James raised shares of Telephone & Data Systems from an “outperform” rating to a “strong-buy” rating and decreased their target price for the company from $35.00 to $32.00 in a research note on Monday, November 4th. JPMorgan Chase & Co. raised shares of Telephone & Data Systems from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Monday, November 4th.

A number of hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its position in Telephone & Data Systems by 160.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 13,000 shares of the Wireless communications provider’s stock worth $331,000 after purchasing an additional 8,000 shares during the period. Millennium Management LLC boosted its position in Telephone & Data Systems by 188.6% during the third quarter. Millennium Management LLC now owns 317,920 shares of the Wireless communications provider’s stock worth $8,202,000 after purchasing an additional 207,767 shares during the period. Squarepoint Ops LLC boosted its position in Telephone & Data Systems by 362.4% during the third quarter. Squarepoint Ops LLC now owns 140,816 shares of the Wireless communications provider’s stock worth $3,633,000 after purchasing an additional 110,366 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Telephone & Data Systems by 0.4% during the third quarter. California State Teachers Retirement System now owns 166,704 shares of the Wireless communications provider’s stock worth $4,301,000 after buying an additional 710 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Telephone & Data Systems by 1.0% during the third quarter. State Street Corp now owns 8,207,748 shares of the Wireless communications provider’s stock worth $211,760,000 after buying an additional 84,035 shares in the last quarter. 81.72% of the stock is owned by hedge funds and other institutional investors.

NYSE:TDS opened at $25.36 on Friday. Telephone & Data Systems has a 1-year low of $21.44 and a 1-year high of $37.29. The company has a current ratio of 2.24, a quick ratio of 2.10 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $24.55 and a 200 day simple moving average of $26.09. The stock has a market capitalization of $2.91 billion, a PE ratio of 23.70 and a beta of 1.04.

Telephone & Data Systems (NYSE:TDS) last released its earnings results on Thursday, October 31st. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.08). Telephone & Data Systems had a net margin of 2.44% and a return on equity of 2.35%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business posted $0.41 earnings per share. Telephone & Data Systems’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts predict that Telephone & Data Systems will post 0.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.66 dividend on an annualized basis and a yield of 2.60%. Telephone & Data Systems’s dividend payout ratio (DPR) is 56.41%.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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