Telephone and Data Systems (NYSE:TDS) Sets New 1-Year High – Time to Buy?

Shares of Telephone and Data Systems, Inc. (NYSE:TDS) reached a new 52-week high during trading on Wednesday . The stock traded as high as $36.66 and last traded at $36.33, with a volume of 82145 shares trading hands. The stock had previously closed at $35.73.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TDS shares. Raymond James raised shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, November 4th.

Telephone and Data Systems Trading Up 0.5 %

The business’s 50 day simple moving average is $34.37 and its two-hundred day simple moving average is $27.82. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.19. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company earned ($0.16) EPS. As a group, sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.04 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.44%. Telephone and Data Systems’s payout ratio is -2.96%.

Institutional Investors Weigh In On Telephone and Data Systems

A number of institutional investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Telephone and Data Systems during the 2nd quarter valued at $40,000. Independence Bank of Kentucky acquired a new position in shares of Telephone and Data Systems during the fourth quarter valued at about $41,000. Versant Capital Management Inc raised its holdings in shares of Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after purchasing an additional 303 shares during the period. CWM LLC boosted its position in shares of Telephone and Data Systems by 26.8% during the 3rd quarter. CWM LLC now owns 4,995 shares of the Wireless communications provider’s stock worth $116,000 after purchasing an additional 1,056 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Telephone and Data Systems by 10.2% in the 3rd quarter. GAMMA Investing LLC now owns 5,302 shares of the Wireless communications provider’s stock valued at $123,000 after buying an additional 490 shares in the last quarter. 80.00% of the stock is owned by institutional investors.

About Telephone and Data Systems

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.