Telephone and Data Systems (NYSE:TDS) Reaches New 1-Year Low - Time to Sell?

Telephone and Data Systems, Inc. (NYSE:TDS - Get Free Report)'s share price reached a new 52-week low during trading on Thursday. The stock traded as low as $30.71 and last traded at $33.07, with a volume of 2,253,243 shares. The stock had previously closed at $34.07.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings lowered shares of Telephone and Data Systems from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Citigroup reduced their price objective on Telephone and Data Systems from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Thursday, August 13th. JPMorgan Chase & Co. decreased their price objective on Telephone and Data Systems from $51.00 to $48.00 and set an "overweight" rating for the company in a report on Wednesday, August 19th. Finally, Zacks Research lowered Telephone and Data Systems from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $47.50.

Telephone and Data Systems Trading Down 2.9%

The business's 50 day moving average is $35.23 and its two-hundred day moving average is $37.93. The company has a quick ratio of 3.81, a current ratio of 3.82 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.81 billion, a P/E ratio of 11.02 and a beta of 0.32.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its earnings results on Friday, August 7th. The Wireless communications provider reported $2.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $2.15. Telephone and Data Systems had a return on equity of 11.97% and a net margin of 33.20%. The firm had revenue of $309.28 million during the quarter, compared to the consensus estimate of $315.78 million. During the same period in the prior year, the firm posted ($0.05) earnings per share. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts expect that Telephone and Data Systems, Inc. will post -0.24 EPS for the current year.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $0.04 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Telephone and Data Systems's dividend payout ratio is 5.33%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TDS. Knighthead Capital Management LLC acquired a new position in shares of Telephone and Data Systems in the 1st quarter worth approximately $18,764,000. Carronade Capital Management LP raised its holdings in shares of Telephone and Data Systems by 10.0% in the 1st quarter. Carronade Capital Management LP now owns 4,623,934 shares of the Wireless communications provider's stock worth $194,668,000 after purchasing an additional 420,340 shares in the last quarter. Three Seasons Wealth LLC acquired a new stake in Telephone and Data Systems during the second quarter valued at approximately $1,433,000. Rokos Capital Management LLP acquired a new stake in Telephone and Data Systems during the first quarter valued at approximately $21,040,000. Finally, Dimensional Fund Advisors LP lifted its stake in Telephone and Data Systems by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,482,147 shares of the Wireless communications provider's stock valued at $272,898,000 after purchasing an additional 90,097 shares during the last quarter. Institutional investors own 80.00% of the company's stock.

About Telephone and Data Systems

Telephone and Data Systems, Inc NYSE: TDS is a telecommunications holding company that provides broadband and communications services in communities across the United States. Its principal operating business is TDS Telecom, which serves residential, business and wholesale customers with internet access, fiber-optic and other broadband connections, voice services, video entertainment and related communications solutions.

TDS Telecom focuses on expanding high-speed broadband availability in rural and suburban markets.

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