Telephone & Data Systems, Inc. (NYSE:TDS) Receives Consensus Rating of “Buy” from Analysts

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Shares of Telephone & Data Systems, Inc. (NYSE:TDS) have earned an average rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $37.70.

Several brokerages have commented on TDS. Zacks Investment Research upgraded shares of Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, July 2nd. Morgan Stanley upgraded shares of Telephone & Data Systems from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $33.00 to $47.50 in a research note on Tuesday, June 18th. ValuEngine cut shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. TheStreet cut shares of Telephone & Data Systems from a “b-” rating to a “c+” rating in a research note on Tuesday, August 20th. Finally, JPMorgan Chase & Co. upgraded shares of Telephone & Data Systems from an “underweight” rating to a “neutral” rating and decreased their price objective for the company from $32.00 to $31.00 in a research note on Monday, August 5th.

NYSE:TDS opened at $24.21 on Tuesday. The company has a market cap of $2.84 billion, a PE ratio of 18.78 and a beta of 1.03. Telephone & Data Systems has a twelve month low of $24.11 and a twelve month high of $37.29. The company has a current ratio of 2.41, a quick ratio of 2.24 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $29.26 and its two-hundred day moving average is $31.21.

Telephone & Data Systems (NYSE:TDS) last announced its quarterly earnings data on Thursday, August 1st. The Wireless communications provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.04). Telephone & Data Systems had a net margin of 2.99% and a return on equity of 2.89%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The business’s revenue was up .5% on a year-over-year basis. As a group, analysts expect that Telephone & Data Systems will post 1.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, September 13th. Telephone & Data Systems’s payout ratio is 56.41%.

In related news, SVP Scott H. Williamson sold 8,079 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $33.40, for a total value of $269,838.60. Following the completion of the transaction, the senior vice president now directly owns 55,881 shares in the company, valued at approximately $1,866,425.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Clarence A. Davis sold 2,410 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $30.18, for a total transaction of $72,733.80. Following the completion of the transaction, the director now owns 9,500 shares of the company’s stock, valued at $286,710. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,136 shares of company stock valued at $1,449,559. Company insiders own 14.33% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of TDS. Municipal Employees Retirement System of Michigan raised its position in Telephone & Data Systems by 2.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 17,330 shares of the Wireless communications provider’s stock worth $527,000 after acquiring an additional 380 shares during the period. Neuburgh Advisers LLC raised its position in Telephone & Data Systems by 117.3% during the first quarter. Neuburgh Advisers LLC now owns 126,096 shares of the Wireless communications provider’s stock worth $3,875,000 after acquiring an additional 68,080 shares during the period. Stevens Capital Management LP raised its position in Telephone & Data Systems by 318.6% during the second quarter. Stevens Capital Management LP now owns 73,639 shares of the Wireless communications provider’s stock worth $2,239,000 after acquiring an additional 56,048 shares during the period. Sadoff Investment Management LLC raised its position in Telephone & Data Systems by 0.9% during the first quarter. Sadoff Investment Management LLC now owns 593,821 shares of the Wireless communications provider’s stock worth $18,248,000 after acquiring an additional 5,525 shares during the period. Finally, Oakbrook Investments LLC raised its position in Telephone & Data Systems by 22.9% during the first quarter. Oakbrook Investments LLC now owns 8,600 shares of the Wireless communications provider’s stock worth $264,000 after acquiring an additional 1,600 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

About Telephone & Data Systems

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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