Telephone and Data Systems (NYSE:TDS) Stock Price Down 8.2%

Telephone and Data Systems, Inc. (NYSE:TDS)’s stock price fell 8.2% during trading on Friday . The company traded as low as $14.88 and last traded at $14.88. 255,370 shares changed hands during trading, a decline of 72% from the average session volume of 926,443 shares. The stock had previously closed at $16.21.

Analysts Set New Price Targets

Separately, StockNews.com lowered Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th.

Telephone and Data Systems Trading Down 11.4 %

The stock has a market cap of $1.62 billion, a P/E ratio of -2.84 and a beta of 0.81. The stock’s 50-day moving average is $15.61 and its two-hundred day moving average is $17.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 1.23.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.15. Telephone and Data Systems had a negative net margin of 9.69% and a positive return on equity of 0.21%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm earned ($0.08) EPS. The business’s revenue was down 3.1% on a year-over-year basis. Equities research analysts anticipate that Telephone and Data Systems, Inc. will post -1 EPS for the current year.

Telephone and Data Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.19 dividend. This is an increase from Telephone and Data Systems’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 5.29%. Telephone and Data Systems’s payout ratio is presently -15.05%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System purchased a new stake in Telephone and Data Systems during the fourth quarter valued at $905,000. FMR LLC increased its stake in Telephone and Data Systems by 6.8% during the third quarter. FMR LLC now owns 1,116,774 shares of the Wireless communications provider’s stock worth $20,448,000 after acquiring an additional 70,832 shares during the last quarter. Barclays PLC raised its position in Telephone and Data Systems by 134.2% during the third quarter. Barclays PLC now owns 237,254 shares of the Wireless communications provider’s stock valued at $4,344,000 after purchasing an additional 135,970 shares during the period. Loomis Sayles & Co. L P purchased a new stake in Telephone and Data Systems during the third quarter valued at approximately $4,952,000. Finally, Deutsche Bank AG lifted its stake in shares of Telephone and Data Systems by 15.6% in the 3rd quarter. Deutsche Bank AG now owns 48,419 shares of the Wireless communications provider’s stock valued at $887,000 after purchasing an additional 6,543 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

Telephone and Data Systems Company Profile

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.