Telephone and Data Systems (NYSE:TDS) Sets New 1-Year High – Should You Buy?

Telephone and Data Systems, Inc. (NYSE:TDS) shares reached 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. The stock had previously closed at $35.73.

Wall Street Analysts Forecast Growth

TDS has been the subject of several analyst reports. Raymond James upgraded 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 report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price 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 Trading Down 0.2 %

The firm has a 50 day simple moving average of $34.29 and a 200 day simple moving average of $27.76. 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 firm has a market capitalization of $4.03 billion, a PE ratio of -6.62 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.19. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate 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%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the business posted ($0.16) EPS. Equities analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.45%. Telephone and Data Systems’s dividend payout ratio is presently -2.96%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Savant Capital LLC purchased a new position in shares of Telephone and Data Systems during the fourth quarter valued at approximately $203,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Telephone and Data Systems during the fourth quarter worth $239,000. Independence Bank of Kentucky purchased a new stake in Telephone and Data Systems during the fourth quarter worth $41,000. Invesco LLC purchased a new stake in Telephone and Data Systems during the fourth quarter worth $230,000. Finally, KBC Group NV lifted its holdings in shares of Telephone and Data Systems by 70.6% during the 4th quarter. KBC Group NV now owns 4,853 shares of the Wireless communications provider’s stock valued at $166,000 after purchasing an additional 2,008 shares during the last quarter. Hedge funds and other institutional investors 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.