Free Trial

Telephone and Data Systems (NYSE:TDS) Price Target Raised to $54.00

Telephone and Data Systems logo with Utilities background

Key Points

  • JPMorgan Chase & Co. raised its price target for Telephone and Data Systems (TDS) from $53.00 to $54.00, indicating a potential upside of 41.05% from the previous close.
  • Telephone and Data Systems reported a loss of ($0.05) earnings per share for the last quarter, missing analysts' estimates and experiencing a 5.7% decline in revenue compared to the previous year.
  • Institutional investors own 80% of Telephone and Data Systems, with several firms increasing their stakes significantly in recent months.
  • Need better tools to track Telephone and Data Systems? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Telephone and Data Systems (NYSE:TDS - Get Free Report) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from $53.00 to $54.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the Wireless communications provider's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 41.05% from the stock's previous close.

A number of other research firms also recently weighed in on TDS. Raymond James Financial boosted their target price on Telephone and Data Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday. Wall Street Zen downgraded Telephone and Data Systems from a "hold" rating to a "sell" rating in a research report on Saturday.

Read Our Latest Research Report on Telephone and Data Systems

Telephone and Data Systems Price Performance

Shares of TDS traded down $0.41 during trading hours on Tuesday, reaching $38.28. 1,102,401 shares of the company's stock traded hands, compared to its average volume of 1,044,497. The company has a current ratio of 1.74, a quick ratio of 1.55 and a debt-to-equity ratio of 0.85. Telephone and Data Systems has a 12 month low of $20.04 and a 12 month high of $42.74. The stock has a market cap of $4.36 billion, a PE ratio of -36.46 and a beta of 0.54. The firm's 50 day simple moving average is $36.58 and its 200-day simple moving average is $36.18.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its earnings results on Monday, August 11th. The Wireless communications provider reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 1.03%. The business's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) EPS. Equities analysts expect that Telephone and Data Systems will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Telephone and Data Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in shares of Telephone and Data Systems by 53.1% during the second quarter. Assetmark Inc. now owns 1,297 shares of the Wireless communications provider's stock valued at $46,000 after buying an additional 450 shares during the period. Bayforest Capital Ltd increased its stake in shares of Telephone and Data Systems by 121.8% during the first quarter. Bayforest Capital Ltd now owns 1,342 shares of the Wireless communications provider's stock valued at $52,000 after buying an additional 737 shares during the period. Federated Hermes Inc. purchased a new position in shares of Telephone and Data Systems during the fourth quarter valued at approximately $56,000. Lazard Asset Management LLC grew its stake in Telephone and Data Systems by 85.6% in the fourth quarter. Lazard Asset Management LLC now owns 4,092 shares of the Wireless communications provider's stock worth $139,000 after purchasing an additional 1,887 shares during the period. Finally, Forum Financial Management LP purchased a new stake in Telephone and Data Systems in the first quarter worth $200,000. 80.00% of the stock is currently owned by institutional investors.

About Telephone and Data Systems

(Get Free Report)

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Telephone and Data Systems Right Now?

Before you consider Telephone and Data Systems, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Telephone and Data Systems wasn't on the list.

While Telephone and Data Systems currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Analysts Agree—These Gold Picks Outshine the Rest Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stock Winners to Watch And 3 to Avoid
3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines