Telephone and Data Systems Inc. (NYSE:TDS) shares traded 0.54% higher at $18.57 on Wall Street last session.
In accordance with the data, 5 analysts cover Telephone and Data Systems Inc. (NYSE:TDS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $15.00, we find $16.00. Given the previous closing price of $18.47, this indicates a potential downside of -13.37 percent. TDS stock price is now 95.70% away from the 50-day moving average and 78.41% away from the 200-day moving average. The market capitalization of the company currently stands at $1.93B.
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It has been rated a hold by 2 analysts and a buy by 2. Brokers who have rated the stock have averaged $23.00 as their price target over the next twelve months.
With the price target maintained at $38, JP Morgan recently Upgraded its rating from Neutral to Overweight for Telephone and Data Systems Inc. (NYSE: TDS).
Insiders disposed of 169,008 shares of company stock worth roughly $3.14 million over the past 1 year. A total of 7.03% 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 EA SERIES TRUST during the first quarter worth $5,651,000. EMPOWERED FUNDS, LLC invested $5,651,000 in shares of TDS during the first quarter. In the first quarter, JUMP FINANCIAL, LLC acquired a new stake in Telephone and Data Systems Inc. valued at approximately $4,475,000. INVENOMIC CAPITAL MANAGEMENT LP acquired a new stake in TDS for approximately $3,848,000. ALGERT GLOBAL LLC purchased a new stake in TDS valued at around $3,585,000 in the second quarter. In total, there are 322 active investors with 97.30% ownership of the company’s stock.
Telephone and Data Systems Inc. (NYSE: TDS) opened at $18.45 on Thursday. During the past 12 months, Telephone and Data Systems Inc. has had a low of $6.43 and a high of $18.89. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 1.40, and a quick ratio of 1.20. The fifty day moving average price for TDS is $9.72 and a two-hundred day moving average price translates $10.42 for the stock.
The latest earnings results from Telephone and Data Systems Inc. (NYSE: TDS) was released for Jun, 2023. According to the Telecom Services Company, earnings per share came in at -$0.17, missing analysts’ expectations of -$0.04 by -0.13. This compares to $0.15 EPS in the same period last year. The net profit margin was -1.80% and return on equity was -2.00% for TDS. The company reported revenue of $1.27 billion for the quarter, compared to $1.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.08 percent. For the current quarter, analysts expect TDS to generate $1.28B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/29/2023. Investors who held shares on 09/15/2023 were paid a $0.185 dividend. On an annualized basis, this represents a $0.74 dividend and a 3.98% percent yield. There was an ex-dividend date of 09/14/2023 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.
