Telephone and Data Systems (NYSE:TDS) Given "Outperform" Rating at Raymond James

Telephone and Data Systems (NYSE:TDS - Get Free Report)'s stock had its "outperform" rating reaffirmed by investment analysts at Raymond James in a research report issued to clients and investors on Monday,Benzinga reports. They presently 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 target suggests a potential upside of 35.96% from the company's previous close.

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

Telephone and Data Systems Stock Up 1.8 %

Shares of TDS traded up $0.61 during trading hours on Monday, hitting $34.57. 604,110 shares of the company were exchanged, compared to its average volume of 1,062,203. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The company has a market cap of $3.94 billion, a PE ratio of -6.40 and a beta of 0.57. The firm's 50 day moving average is $36.01 and its 200-day moving average is $34.79. Telephone and Data Systems has a 52 week low of $16.64 and a 52 week high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) 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 the consensus estimate of $1.18 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The company's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. On average, equities research analysts forecast that Telephone and Data Systems will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Telephone and Data Systems

A number of institutional investors and hedge funds have recently bought and sold shares of TDS. Independence Bank of Kentucky bought a new stake in Telephone and Data Systems in the fourth quarter valued at about $41,000. Bayforest Capital Ltd raised its holdings in shares of Telephone and Data Systems by 121.8% in the 1st quarter. Bayforest Capital Ltd now owns 1,342 shares of the Wireless communications provider's stock worth $52,000 after buying an additional 737 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of Telephone and Data Systems during the 4th quarter worth approximately $56,000. SBI Securities Co. Ltd. acquired a new stake in Telephone and Data Systems in the 4th quarter valued at $74,000. Finally, Farther Finance Advisors LLC grew its position in Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after acquiring an additional 1,156 shares during the period. Institutional investors own 80.00% of the company's stock.

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.