Telephone and Data Systems (NYSE:TDS) Stock Price Down 3.8%

Telephone and Data Systems, Inc. (NYSE:TDS - Get Free Report) fell 3.8% on Monday . The company traded as low as $20.02 and last traded at $20.02. 180,367 shares were traded during trading, a decline of 83% from the average session volume of 1,060,133 shares. The stock had previously closed at $20.80.

Analyst Ratings Changes

TDS has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Telephone and Data Systems from $38.00 to $36.00 and set an "overweight" rating for the company in a report on Monday, May 13th. StockNews.com raised shares of Telephone and Data Systems from a "sell" rating to a "hold" rating in a research note on Monday, May 6th.

Telephone and Data Systems Stock Performance

The company has a market cap of $2.22 billion, a P/E ratio of -4.04 and a beta of 0.81. The business has a 50 day moving average price of $16.43 and a two-hundred day moving average price of $17.43. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.40 and a current ratio of 1.58.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.15. Telephone and Data Systems had a positive return on equity of 0.62% and a negative net margin of 9.36%. The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the previous year, the firm earned ($0.08) EPS. The business's quarterly revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -0.48 earnings per share for the current year.

Hedge Funds Weigh In On Telephone and Data Systems

Several hedge funds and other institutional investors have recently modified their holdings of TDS. Teacher Retirement System of Texas increased its position in Telephone and Data Systems by 24.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 57,929 shares of the Wireless communications provider's stock valued at $1,061,000 after purchasing an additional 11,503 shares during the period. SteelPeak Wealth LLC lifted its stake in shares of Telephone and Data Systems by 19.3% in the 3rd quarter. SteelPeak Wealth LLC now owns 19,608 shares of the Wireless communications provider's stock valued at $359,000 after purchasing an additional 3,167 shares during the period. Illinois Municipal Retirement Fund bought a new stake in shares of Telephone and Data Systems during the third quarter valued at approximately $1,138,000. Barclays PLC grew its stake in Telephone and Data Systems by 134.2% in the third quarter. Barclays PLC now owns 237,254 shares of the Wireless communications provider's stock worth $4,344,000 after purchasing an additional 135,970 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in Telephone and Data Systems by 46.1% in the third quarter. New York State Common Retirement Fund now owns 40,344 shares of the Wireless communications provider's stock worth $739,000 after purchasing an additional 12,723 shares in the last quarter. 80.00% of the stock is owned by institutional investors.

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.