Telephone and Data Systems (NYSE:TDS) Earns "Outperform" Rating from Raymond James

Telephone and Data Systems (NYSE:TDS - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Raymond James in a research report issued on Monday,Benzinga reports. They currently have a $47.00 price objective on the Wireless communications provider's stock, down from their previous price objective of $51.00. Raymond James' price objective indicates a potential upside of 36.23% from the company's current price.

Separately, JPMorgan Chase & Co. raised their price target on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th.

Telephone and Data Systems Stock Up 1.4 %

NYSE TDS traded up $0.47 on Monday, reaching $34.50. The company had a trading volume of 1,177,790 shares, compared to its average volume of 1,097,442. Telephone and Data Systems has a 52-week low of $15.03 and a 52-week high of $41.21. The stock has a market capitalization of $3.93 billion, a P/E ratio of -6.39 and a beta of 0.57. The company's fifty day moving average is $36.04 and its 200 day moving average is $34.70. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.18 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business's quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. Sell-side analysts anticipate 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 made changes to their positions in the business. Xponance Inc. lifted its stake in shares of Telephone and Data Systems by 4.5% in the 1st quarter. Xponance Inc. now owns 7,485 shares of the Wireless communications provider's stock valued at $290,000 after purchasing an additional 324 shares during the last quarter. GAMMA Investing LLC boosted its position in Telephone and Data Systems by 8.3% during the fourth quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider's stock valued at $196,000 after purchasing an additional 440 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Telephone and Data Systems by 4.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,319 shares of the Wireless communications provider's stock worth $352,000 after acquiring an additional 482 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Telephone and Data Systems by 8.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 6,544 shares of the Wireless communications provider's stock valued at $254,000 after purchasing an additional 485 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in Telephone and Data Systems by 5.8% in the first quarter. OneDigital Investment Advisors LLC now owns 9,648 shares of the Wireless communications provider's stock worth $374,000 after acquiring an additional 531 shares in the last quarter. 80.00% of the stock is currently owned by hedge funds and other 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.