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

Telephone and Data Systems, Inc. (NYSE:TDS)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $36.96 and last traded at $36.41, with a volume of 12596 shares. The stock had previously closed at $36.50.

Wall Street Analyst Weigh In

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

Telephone and Data Systems Stock Down 0.6 %

The firm has a market capitalization of $4.10 billion, a P/E ratio of -6.72 and a beta of 0.80. The firm’s fifty day moving average price is $34.57 and its 200-day moving average price is $28.31. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued 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 dividend payout ratio (DPR) is -2.96%.

Institutional Trading of Telephone and Data Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Independence Bank of Kentucky purchased a new stake in shares of Telephone and Data Systems in the fourth quarter worth approximately $41,000. Quarry LP raised its position in Telephone and Data Systems by 35.5% during the third 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 in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Telephone and Data Systems in the fourth quarter valued at approximately $74,000. Versant Capital Management Inc lifted its stake in Telephone and Data Systems by 14.5% in the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after acquiring an additional 303 shares during the last quarter. Finally, CWM LLC grew its position in Telephone and Data Systems by 26.8% in the third quarter. CWM LLC now owns 4,995 shares of the Wireless communications provider’s stock worth $116,000 after acquiring an additional 1,056 shares in the last quarter. 80.00% of the stock is owned by institutional investors and hedge funds.

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.