Telephone and Data Systems (NYSE:TDS) Upgraded to Hold at StockNews.com

Telephone and Data Systems (NYSE:TDS) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

Telephone and Data Systems Trading Down 1.9 %

Shares of NYSE:TDS opened at $15.40 on Monday. The stock has a market capitalization of $1.74 billion, a PE ratio of -3.16 and a beta of 0.81. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.84. Telephone and Data Systems has a 1 year low of $6.43 and a 1 year high of $21.75. The firm has a fifty day moving average price of $15.64 and a 200 day moving average price of $17.34.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.15. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) EPS. Analysts expect that Telephone and Data Systems will post -1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System bought a new stake in Telephone and Data Systems in the fourth quarter valued at about $905,000. FMR LLC increased its stake in Telephone and Data Systems by 6.8% in the third quarter. FMR LLC now owns 1,116,774 shares of the Wireless communications provider’s stock valued at $20,448,000 after acquiring an additional 70,832 shares during the period. Barclays PLC increased its stake in Telephone and Data Systems by 134.2% in the third quarter. Barclays PLC now owns 237,254 shares of the Wireless communications provider’s stock valued at $4,344,000 after acquiring an additional 135,970 shares during the period. Loomis Sayles & Co. L P bought a new stake in Telephone and Data Systems in the third quarter valued at about $4,952,000. Finally, Deutsche Bank AG increased its stake in Telephone and Data Systems by 15.6% in the third quarter. Deutsche Bank AG now owns 48,419 shares of the Wireless communications provider’s stock valued at $887,000 after acquiring an additional 6,543 shares during the period. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.