Telephone and Data Systems (NYSE:TDS) Trading Down 7.8%

Shares of Telephone and Data Systems, Inc. (NYSE:TDS – Get Rating) fell 7.8% during mid-day trading on Tuesday . The stock traded as low as $18.56 and last traded at $18.76. 7,612 shares were traded during trading, a decline of 99% from the average session volume of 921,986 shares. The stock had previously closed at $20.34.

Several brokerages have recently issued reports on TDS. Morgan Stanley cut Telephone and Data Systems from an “overweight” rating to an “equal weight” rating and set a $22.00 price target on the stock. in a research report on Tuesday. Zacks Investment Research upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating and set a $21.00 target price on the stock in a report on Thursday, March 10th. StockNews.com started coverage on Telephone and Data Systems in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Raymond James decreased their target price on Telephone and Data Systems from $33.00 to $25.00 and set a “strong-buy” rating on the stock in a report on Tuesday, February 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Telephone and Data Systems currently has an average rating of “Hold” and a consensus target price of $24.83.

The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 18.35 and a beta of 1.13. The company has a quick ratio of 1.58, a current ratio of 1.73 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average of $19.05 and a 200-day moving average of $19.49.

Telephone and Data Systems (NYSE:TDS – Get Rating) last posted its earnings results on Thursday, February 17th. The Wireless communications provider reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.07. Telephone and Data Systems had a return on equity of 2.78% and a net margin of 2.95%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company earned $0.12 earnings per share. Equities analysts anticipate that Telephone and Data Systems, Inc. will post 0.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were issued a dividend of $0.18 per share. This is a positive change from Telephone and Data Systems’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Monday, March 14th. Telephone and Data Systems’s dividend payout ratio (DPR) is 72.00%.

Institutional investors have recently bought and sold shares of the company. Quent Capital LLC bought a new position in shares of Telephone and Data Systems in the fourth quarter worth about $28,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Telephone and Data Systems in the third quarter worth about $30,000. Column Capital Advisors LLC bought a new position in shares of Telephone and Data Systems in the fourth quarter worth about $40,000. DekaBank Deutsche Girozentrale bought a new position in Telephone and Data Systems during the third quarter valued at about $44,000. Finally, Covestor Ltd bought a new position in Telephone and Data Systems during the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

Telephone and Data Systems Company Profile (NYSE:TDS)

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, routers, 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.

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