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 given a consensus rating of “Hold” by the five analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $47.50.

TDS has been the topic of several research reports. Zacks Research lowered Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 9th. JPMorgan Chase & Co. lowered their price objective on shares of Telephone and Data Systems from $51.00 to $48.00 and set an “overweight” rating for the company in a research report on Wednesday, August 19th. Weiss Ratings raised Telephone and Data Systems from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, Citigroup cut their price target on Telephone and Data Systems from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, August 13th.

Telephone and Data Systems Stock Down 3.0%

Shares of Telephone and Data Systems stock opened at $34.77 on Tuesday. Telephone and Data Systems has a 1-year low of $31.51 and a 1-year high of $49.12. The company has a market capitalization of $4.00 billion, a PE ratio of 11.59 and a beta of 0.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.82 and a quick ratio of 3.81. The business has a 50-day moving average of $35.14 and a 200-day moving average of $38.95.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, August 7th. The Wireless communications provider reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $309.28 million during the quarter, compared to analyst estimates of $315.78 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts forecast that Telephone and Data Systems will post -0.24 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Telephone and Data Systems’s dividend payout ratio (DPR) is 5.33%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its stake 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 valued at $46,000 after acquiring an additional 1,084 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Telephone and Data Systems by 29.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,085 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 245 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of 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 purchasing an additional 1,095 shares during the period. Nykredit A S purchased a new position in Telephone and Data Systems during the second quarter valued at approximately $59,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in Telephone and Data Systems during the first quarter valued at approximately $90,000. 80.00% of the stock is owned by hedge funds and other institutional investors.

About Telephone and Data Systems

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company that provides broadband, voice, video, wireless and managed communications services in the United States. Its operations primarily serve residential, business and government customers in smaller cities, suburban communities and rural markets.

TDS Telecom is the company’s primary operating business. It delivers high-speed internet, fiber-based connectivity, traditional and digital voice services, video entertainment, hosted and managed services, and other communications solutions.