The price of Telephone and Data Systems Inc. (NYSE:TDS) shares last traded on Wall Street rose 7.48% to $7.47.
Based on available information, 5 analysts follow Telephone and Data Systems Inc. (NYSE:TDS). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $14.00, we find $14.00. Given the previous closing price of $6.95, this indicates a potential upside of 101.44 percent. TDS stock price is now -22.64% away from the 50-day moving average and -39.82% away from the 200-day moving average. The market capitalization of the company currently stands at $783.08M.
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Among analysts, 4 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $14.67 as their price target over the next twelve months.
In other news, Davis Clarence A, Director sold 4,300 shares of the company’s stock on May 25. The stock was sold for $78,819 at an average price of $18.33. Upon completion of the transaction, the Director now directly owns 15,511 shares in the company, valued at $0.12 million. Insiders disposed of 118,968 shares of company stock worth roughly $0.89 million over the past 1 year. A total of 6.93% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TDS stock. A new stake in Telephone and Data Systems Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $2,867,000. ASSENAGON ASSET MANAGEMENT S.A. invested $2,251,000 in shares of TDS during the first quarter. In the first quarter, GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in Telephone and Data Systems Inc. valued at approximately $1,698,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in TDS for approximately $1,012,000. HOLOCENE ADVISORS, LP purchased a new stake in TDS valued at around $849,000 in the second quarter. In total, there are 330 active investors with 97.30% ownership of the company’s stock.
A candlestick chart of Telephone and Data Systems Inc. (NYSE: TDS) showed a price of $6.95 on Monday morning. During the past 12 months, Telephone and Data Systems Inc. has had a low of $6.73 and a high of $18.73. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 1.60, and a quick ratio of 1.30. The fifty day moving average price for TDS is $9.58 and a two-hundred day moving average price translates $12.37 for the stock.
The latest earnings results from Telephone and Data Systems Inc. (NYSE: TDS) was released for Mar, 2023. According to the Telecom Services Company, earnings per share came in at -$0.08, missing analysts’ expectations of $0.04 by -0.12. This compares to $0.37 EPS in the same period last year. The net profit margin was -1.10% and return on equity was -1.20% for TDS. The company reported revenue of $1.3 billion for the quarter, compared to $1.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.91 percent. For the current quarter, analysts expect TDS to generate $1.3B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/15/2023 were paid a $0.185 dividend. On an annualized basis, this represents a $0.74 dividend and a 9.91% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend.
Telephone and Data Systems Inc.(TDS) 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. It also provides replace and repair services; Trade-In program through which it buys customers’ used equipment; internet connections and all-home WI-FI services; TDS TV+, an integrated cloud television platform that offers video content and features; local and long-distance telephone service, voice over internet protocol, and enhanced services; and broadband, IP-based services, and hosted voice and video collaboration services. The company sells its products through retail sales, direct and indirect sales, third-party retailers, and independent agents, as well as through ecommerce and telesales. Telephone and Data Systems, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.
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