Telephone & Data Systems, Inc. (TDS) Receives $37.75 Consensus Target Price from Analysts

Shares of Telephone & Data Systems, Inc. (NYSE:TDS) have been assigned a consensus rating of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $37.75.

TDS has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. ValuEngine cut shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th.

In related news, Director Mitchell H. Saranow sold 4,000 shares of Telephone & Data Systems stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $31.75, for a total transaction of $127,000.00. Following the sale, the director now directly owns 15,074 shares in the company, valued at approximately $478,599.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kenneth R. Meyers sold 40,000 shares of Telephone & Data Systems stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $32.30, for a total transaction of $1,292,000.00. Following the sale, the insider now owns 32,305 shares in the company, valued at $1,043,451.50. The disclosure for this sale can be found here. Insiders have sold a total of 44,350 shares of company stock worth $1,430,127 over the last quarter. 16.27% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in TDS. Dimensional Fund Advisors LP increased its stake in Telephone & Data Systems by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,420,433 shares of the Wireless communications provider’s stock valued at $274,001,000 after purchasing an additional 305,937 shares during the period. Acadian Asset Management LLC increased its stake in Telephone & Data Systems by 102.0% in the fourth quarter. Acadian Asset Management LLC now owns 2,562,006 shares of the Wireless communications provider’s stock valued at $83,364,000 after purchasing an additional 1,293,815 shares during the period. Northern Trust Corp increased its stake in shares of Telephone & Data Systems by 12.2% during the fourth quarter. Northern Trust Corp now owns 1,604,643 shares of the Wireless communications provider’s stock worth $52,215,000 after acquiring an additional 174,624 shares during the period. Norges Bank acquired a new position in shares of Telephone & Data Systems during the fourth quarter worth about $49,870,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Telephone & Data Systems by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 1,476,148 shares of the Wireless communications provider’s stock worth $44,918,000 after acquiring an additional 15,937 shares during the period. Hedge funds and other institutional investors own 83.36% of the company’s stock.

Shares of Telephone & Data Systems stock traded up $0.93 during trading on Wednesday, hitting $32.33. 34,150 shares of the stock were exchanged, compared to its average volume of 567,884. The stock has a market cap of $3.57 billion, a P/E ratio of 27.62 and a beta of 1.00. Telephone & Data Systems has a 12-month low of $24.00 and a 12-month high of $37.29. The company has a current ratio of 2.65, a quick ratio of 2.48 and a debt-to-equity ratio of 0.46.

Telephone & Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, February 22nd. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Telephone & Data Systems had a return on equity of 2.57% and a net margin of 2.62%. Telephone & Data Systems’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. As a group, sell-side analysts forecast that Telephone & Data Systems will post 1.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.165 per share. This is a positive change from Telephone & Data Systems’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, March 14th. Telephone & Data Systems’s dividend payout ratio (DPR) is currently 56.41%.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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