Telephone and Data Systems (NYSE:TDS) Reaches New 52-Week High – Should You Buy?

Telephone and Data Systems, Inc. (NYSE:TDS)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $39.54 and last traded at $39.85, with a volume of 700810 shares traded. The stock had previously closed at $38.37.

Analysts Set New Price Targets

Several brokerages have recently commented on TDS. Raymond James raised 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 note on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, November 4th.

Telephone and Data Systems Trading Up 0.1 %

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 has a 50 day moving average of $35.44 and a 200-day moving average of $29.53. The stock has a market cap of $4.47 billion, a PE ratio of -7.33 and a beta of 0.80.

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 $0.04 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.16 annualized dividend and a yield of 0.40%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -2.96%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Independence Bank of Kentucky acquired a new position in Telephone and Data Systems in the 4th quarter valued at $41,000. Federated Hermes Inc. acquired a new position in Telephone and Data Systems in the 4th quarter valued at $56,000. Quarry LP increased its holdings in shares of Telephone and Data Systems by 35.5% during the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock worth $61,000 after buying an additional 692 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Telephone and Data Systems during the 4th quarter worth $74,000. Finally, Versant Capital Management Inc increased its holdings in shares of Telephone and Data Systems by 14.5% during the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock worth $82,000 after buying an additional 303 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

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.