Telephone and Data Systems (NYSE:TDS) Reaches New 52-Week High – What’s Next?

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

Analysts Set New Price Targets

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

Telephone and Data Systems Stock Performance

The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The business’s 50-day simple moving average is $34.37 and its 200-day simple moving average is $27.82.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (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 analyst estimates of $1.24 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. During the same period last year, the company earned ($0.16) EPS. The firm’s revenue was down 4.2% on a year-over-year basis. On average, analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TDS. State Street Corp boosted its holdings in shares of Telephone and Data Systems by 1.6% in the 3rd quarter. State Street Corp now owns 4,039,070 shares of the Wireless communications provider’s stock valued at $93,908,000 after buying an additional 65,432 shares during the last quarter. Geode Capital Management LLC lifted its stake in Telephone and Data Systems by 1.9% in the third quarter. Geode Capital Management LLC now owns 2,291,071 shares of the Wireless communications provider’s stock valued at $53,278,000 after acquiring an additional 43,470 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Telephone and Data Systems by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider’s stock valued at $34,035,000 after acquiring an additional 103,114 shares during the period. Silver Point Capital L.P. acquired a new position in shares of Telephone and Data Systems during the 3rd quarter worth about $29,062,000. Finally, FMR LLC grew its holdings in Telephone and Data Systems by 0.3% during the third quarter. FMR LLC now owns 1,152,579 shares of the Wireless communications provider’s stock worth $26,797,000 after purchasing an additional 3,002 shares during the period. 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.