Telephone and Data Systems (NYSE:TDS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Telephone and Data Systems (NYSE:TDS) from a sell rating to a hold rating in a report published on Saturday morning.

TDS has been the topic of several other research reports. Citigroup boosted their target price on Telephone and Data Systems from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Zacks Research lowered Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Telephone and Data Systems in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $53.33.

Telephone and Data Systems Stock Down 3.2%

Shares of Telephone and Data Systems stock opened at $43.85 on Friday. Telephone and Data Systems has a one year low of $31.07 and a one year high of $47.79. The company has a market cap of $5.04 billion, a P/E ratio of -67.46 and a beta of 0.32. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.09 and a current ratio of 2.10. The firm has a fifty day moving average of $43.23 and a two-hundred day moving average of $40.37.

Telephone and Data Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, March 16th. Telephone and Data Systems’s dividend payout ratio is -24.62%.

Hedge Funds Weigh In On Telephone and Data Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Telephone and Data Systems by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,392,050 shares of the Wireless communications provider’s stock valued at $262,072,000 after acquiring an additional 101,482 shares in the last quarter. Carronade Capital Management LP raised its stake in Telephone and Data Systems by 14.2% during the fourth quarter. Carronade Capital Management LP now owns 4,203,594 shares of the Wireless communications provider’s stock valued at $172,347,000 after buying an additional 523,094 shares in the last quarter. State Street Corp raised its position in shares of Telephone and Data Systems by 1.5% during the 4th quarter. State Street Corp now owns 4,049,385 shares of the Wireless communications provider’s stock valued at $166,025,000 after acquiring an additional 58,439 shares in the last quarter. Oaktree Capital Management LP bought a new position in shares of Telephone and Data Systems in the 3rd quarter worth about $144,732,000. Finally, American Century Companies Inc. lifted its holdings in Telephone and Data Systems by 4.0% in the second quarter. American Century Companies Inc. now owns 3,607,857 shares of the Wireless communications provider’s stock worth $128,368,000 after acquiring an additional 137,494 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.