Telephone and Data Systems (NYSE:TDS) Sets New 52-Week High – Should You Buy?

Telephone and Data Systems, Inc. (NYSE:TDS) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $36.96 and last traded at $36.41, with a volume of 12596 shares traded. The stock had previously closed at $36.50.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Raymond James upgraded shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th.

Telephone and Data Systems Stock Performance

The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The business’s fifty day moving average price is $34.62 and its two-hundred day moving average price is $28.37.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Monday, December 16th. Telephone and Data Systems’s dividend payout ratio is currently -2.96%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in Telephone and Data Systems by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,021 shares of the Wireless communications provider’s stock worth $1,058,000 after purchasing an additional 1,966 shares during the period. Handelsbanken Fonder AB grew its position in Telephone and Data Systems by 26.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 23,025 shares of the Wireless communications provider’s stock valued at $535,000 after acquiring an additional 4,800 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Telephone and Data Systems by 10.2% during the third quarter. GAMMA Investing LLC now owns 5,302 shares of the Wireless communications provider’s stock worth $123,000 after purchasing an additional 490 shares during the last quarter. CWM LLC increased its stake in Telephone and Data Systems by 26.8% in the 3rd quarter. CWM LLC now owns 4,995 shares of the Wireless communications provider’s stock worth $116,000 after buying an additional 1,056 shares during the period. Finally, Creative Planning boosted its position in Telephone and Data Systems by 8.1% in the 3rd quarter. Creative Planning now owns 13,301 shares of the Wireless communications provider’s stock valued at $309,000 after buying an additional 997 shares during the period. Institutional investors own 80.00% of the company’s stock.

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.