Telephone and Data Systems (NYSE:TDS) Sets New 1-Year High – Here’s Why

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Raymond James upgraded shares of 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. JPMorgan Chase & Co. lifted their price target on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 4th.

Telephone and Data Systems Stock Performance

The firm’s fifty day moving average is $33.56 and its 200 day moving average is $26.81. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of -6.70 and a beta of 0.81. 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 (NYSE:TDS) last issued its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the business posted ($0.16) EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.04 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.44%. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -2.96%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TDS. Algert Global LLC grew its stake in shares of Telephone and Data Systems by 35.8% in the 2nd quarter. Algert Global LLC now owns 220,145 shares of the Wireless communications provider’s stock valued at $4,564,000 after buying an additional 57,981 shares in the last quarter. 272 Capital LP grew its position in Telephone and Data Systems by 51.8% in the second quarter. 272 Capital LP now owns 117,136 shares of the Wireless communications provider’s stock worth $2,428,000 after acquiring an additional 39,976 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Telephone and Data Systems during the 3rd quarter worth $1,308,000. TCW Group Inc. raised its holdings in shares of Telephone and Data Systems by 3.2% during the 3rd quarter. TCW Group Inc. now owns 566,832 shares of the Wireless communications provider’s stock valued at $13,179,000 after purchasing an additional 17,400 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Telephone and Data Systems in the 4th quarter valued at $710,000. 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.