Telephone and Data Systems’ (TDS) “Outperform” Rating Reiterated at Raymond James

Raymond James restated their outperform rating on shares of Telephone and Data Systems (NYSE:TDS) in a report issued on Monday,Benzinga reports. They currently have a $47.00 target price on the Wireless communications provider’s stock, down from their previous target price of $51.00.

Separately, JPMorgan Chase & Co. upped their price target on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, February 24th.

Telephone and Data Systems Stock Performance

Shares of NYSE TDS opened at $34.50 on Monday. The stock’s fifty day simple moving average is $36.04 and its 200 day simple moving average is $34.70. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of -6.39 and a beta of 0.57. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. Telephone and Data Systems has a 52-week low of $15.03 and a 52-week high of $41.21.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business posted $0.10 EPS. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Telephone and Data Systems will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems’s dividend payout ratio is currently -15.24%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Third Point LLC grew its position in Telephone and Data Systems by 108.7% during the fourth quarter. Third Point LLC now owns 6,000,000 shares of the Wireless communications provider’s stock worth $204,660,000 after buying an additional 3,125,000 shares in the last quarter. Carronade Capital Management LP acquired a new stake in shares of Telephone and Data Systems in the fourth quarter valued at $62,845,000. Norges Bank acquired a new position in shares of Telephone and Data Systems during the fourth quarter worth approximately $23,776,000. Silver Point Capital L.P. boosted its position in Telephone and Data Systems by 47.2% in the 4th quarter. Silver Point Capital L.P. now owns 1,840,000 shares of the Wireless communications provider’s stock valued at $62,762,000 after buying an additional 590,000 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Telephone and Data Systems by 189.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 730,730 shares of the Wireless communications provider’s stock worth $24,925,000 after purchasing an additional 477,945 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems 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.