Telephone & Data Systems, Inc. (NYSE:TDS) Receives $37.70 Average Price Target from Analysts

Telephone & Data Systems, Inc. (NYSE:TDS) has earned an average rating of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $37.70.

TDS has been the subject of a number of analyst reports. ValuEngine cut shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Morgan Stanley upgraded shares of Telephone & Data Systems from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $33.00 to $47.50 in a report on Tuesday, June 18th. Zacks Investment Research upgraded shares of Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday, July 2nd. TheStreet cut shares of Telephone & Data Systems from a “b-” rating to a “c+” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. upgraded shares of Telephone & Data Systems from an “underweight” rating to a “neutral” rating and decreased their price objective for the company from $32.00 to $31.00 in a report on Monday, August 5th.

TDS traded down $0.27 during midday trading on Friday, hitting $25.68. The company had a trading volume of 794,102 shares, compared to its average volume of 568,927. Telephone & Data Systems has a twelve month low of $24.11 and a twelve month high of $37.29. The firm’s 50-day simple moving average is $25.72 and its 200-day simple moving average is $30.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.24 and a current ratio of 2.41. The company has a market capitalization of $2.95 billion, a PE ratio of 21.95 and a beta of 1.10.

Telephone & Data Systems (NYSE:TDS) last issued its quarterly earnings results on Thursday, August 1st. The Wireless communications provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.04). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.30 billion. Telephone & Data Systems had a return on equity of 2.89% and a net margin of 2.99%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 EPS. As a group, sell-side analysts anticipate that Telephone & Data Systems will post 1.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, September 13th. Telephone & Data Systems’s payout ratio is currently 56.41%.

In other Telephone & Data Systems news, Director Prudence E. Carlson sold 3,510 shares of Telephone & Data Systems stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $24.96, for a total value of $87,609.60. Following the transaction, the director now owns 54,722 shares of the company’s stock, valued at $1,365,861.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Wade Oosterman purchased 5,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was bought at an average cost of $24.88 per share, for a total transaction of $124,400.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $124,400. The disclosure for this purchase can be found here. Insiders own 14.33% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Atria Investments LLC bought a new position in Telephone & Data Systems in the second quarter valued at approximately $146,000. Treasurer of the State of North Carolina lifted its position in shares of Telephone & Data Systems by 1.0% in the second quarter. Treasurer of the State of North Carolina now owns 49,284 shares of the Wireless communications provider’s stock worth $1,498,000 after purchasing an additional 490 shares in the last quarter. BlackRock Inc. lifted its position in shares of Telephone & Data Systems by 1.9% in the second quarter. BlackRock Inc. now owns 12,172,017 shares of the Wireless communications provider’s stock worth $370,029,000 after purchasing an additional 227,087 shares in the last quarter. Natixis lifted its position in shares of Telephone & Data Systems by 10.7% in the second quarter. Natixis now owns 533,310 shares of the Wireless communications provider’s stock worth $16,213,000 after purchasing an additional 51,406 shares in the last quarter. Finally, Prudential PLC lifted its position in shares of Telephone & Data Systems by 9.2% in the second quarter. Prudential PLC now owns 126,403 shares of the Wireless communications provider’s stock worth $3,792,000 after purchasing an additional 10,609 shares in the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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