Telephone and Data Systems (NYSE:TDS) Hits New 12-Month High – What’s Next?

Telephone and Data Systems, Inc. (NYSE:TDS)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $35.39 and last traded at $35.26, with a volume of 225351 shares traded. The stock had previously closed at $34.33.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TDS shares. JPMorgan Chase & Co. lifted their target price on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Raymond James raised Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research report on Thursday, November 7th.

Telephone and Data Systems Stock Performance

The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The stock has a fifty day simple moving average of $33.46 and a two-hundred day simple moving average of $26.69. The stock has a market cap of $3.97 billion, a PE ratio of -6.50 and a beta of 0.81.

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

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.04 per share. The ex-dividend date was Monday, December 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.46%. Telephone and Data Systems’s dividend payout ratio is presently -2.96%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Versant Capital Management Inc grew its stake in Telephone and Data Systems by 14.5% during the 4th 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 in the last quarter. GAMMA Investing LLC grew its position in shares of Telephone and Data Systems by 8.3% during the fourth quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider’s stock worth $196,000 after buying an additional 440 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Telephone and Data Systems by 1.4% in the second quarter. Victory Capital Management Inc. now owns 41,514 shares of the Wireless communications provider’s stock worth $861,000 after buying an additional 554 shares during the last quarter. Aigen Investment Management LP raised its holdings in Telephone and Data Systems by 5.3% in the third quarter. Aigen Investment Management LP now owns 13,589 shares of the Wireless communications provider’s stock valued at $316,000 after acquiring an additional 685 shares in the last quarter. Finally, Quarry LP boosted its stake in Telephone and Data Systems by 35.5% during the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock valued at $61,000 after acquiring an additional 692 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

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.