Telephone and Data Systems (NYSE:TDS) Upgraded by Wall Street Zen to Hold Rating

Telephone and Data Systems (NYSE:TDS - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other research firms also recently issued reports on TDS. Raymond James Financial reaffirmed an "outperform" rating and set a $47.00 price objective (down previously from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on Telephone and Data Systems from $56.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday, May 28th.

Telephone and Data Systems Price Performance

Telephone and Data Systems stock opened at $39.47 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.55 and a current ratio of 1.74. The firm has a market cap of $4.50 billion, a P/E ratio of -37.59 and a beta of 0.51. The business's fifty day moving average is $34.71 and its two-hundred day moving average is $35.59. Telephone and Data Systems has a 52 week low of $17.90 and a 52 week high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 1.03%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the company earned $0.10 EPS. The firm's quarterly revenue was down 8.6% on a year-over-year basis. Equities research analysts forecast that Telephone and Data Systems will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Telephone and Data Systems

Large investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. acquired a new position in shares of Telephone and Data Systems in the 2nd quarter valued at $4,178,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Telephone and Data Systems by 12.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,497 shares of the Wireless communications provider's stock valued at $267,000 after purchasing an additional 850 shares during the period. Krilogy Financial LLC lifted its stake in shares of Telephone and Data Systems by 9.9% in the 2nd quarter. Krilogy Financial LLC now owns 172,353 shares of the Wireless communications provider's stock valued at $6,132,000 after purchasing an additional 15,507 shares during the period. Voya Investment Management LLC lifted its stake in Telephone and Data Systems by 28.9% in the first quarter. Voya Investment Management LLC now owns 67,796 shares of the Wireless communications provider's stock valued at $2,626,000 after buying an additional 15,219 shares during the period. Finally, Inspire Investing LLC lifted its stake in Telephone and Data Systems by 158.2% in the first quarter. Inspire Investing LLC now owns 30,323 shares of the Wireless communications provider's stock valued at $1,175,000 after buying an additional 18,577 shares during the period. 80.00% of the stock is currently owned by institutional investors and hedge funds.

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.

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