Telephone and Data Systems (NYSE:TDS) Stock Price Down 7.4% – Time to Sell?

Telephone and Data Systems, Inc. (NYSE:TDS)’s stock price traded down 7.4% during mid-day trading on Friday . The stock traded as low as $33.63 and last traded at $33.34. 164,681 shares traded hands during trading, a decline of 84% from the average daily volume of 1,006,009 shares. The stock had previously closed at $36.00.

Telephone and Data Systems News Roundup

Here are the key news stories impacting Telephone and Data Systems this week:

• Positive Sentiment: TDS reported second-quarter 2026 GAAP EPS of $2.24, far above the $0.09 analyst consensus and compared with a $0.05 loss a year earlier. Net income attributable to common shareholders was $281.1 million versus a $5.7 million loss in the prior-year quarter. TDS second-quarter earnings report
• Positive Sentiment: TDS Telecom raised its 2026 marketable fiber service-address outlook after adding approximately 66,000 addresses and 15,100 residential fiber customers during the quarter. Its full-year revenue guidance remains $1.000 billion to $1.025 billion. TDS reports second-quarter 2026 results
• Positive Sentiment: Array reported 95% year-over-year growth in site-rental revenue, consecutive quarterly tower-tenancy growth, and increased its adjusted EBITDA outlook. Spectrum transactions also generated substantial cash proceeds. TDS second-quarter operating update
• Positive Sentiment: Brokerages’ consensus price target is reported at $53.33, substantially above the recent trading level, indicating analysts see potential upside. TDS consensus price target
• Neutral Sentiment: Array narrowed its 2026 revenue outlook while raising adjusted EBITDA guidance, creating a mixed outlook for growth and profitability. TDS 2026 second-quarter earnings presentation
• Negative Sentiment: Quarterly revenue increased 3.6% year over year to $309.28 million, but missed the $315.78 million consensus estimate by roughly $6.5 million. The revenue miss may be outweighing the headline EPS beat, particularly because investors may view the unusually large profit as less representative of ongoing operations. TDS key second-quarter metrics

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TDS shares. Weiss Ratings downgraded Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Raymond James Financial cut Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a report on Monday, May 11th. Finally, Wall Street Zen upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to 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 Performance

The company has a current ratio of 3.43, a quick ratio of 3.42 and a debt-to-equity ratio of 0.16. The company’s 50-day simple moving average is $36.53 and its 200-day simple moving average is $41.42. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 10.98 and a beta of 0.32.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.87) by $1.98. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.54%. The company had revenue of $309.45 million for the quarter, compared to analyst estimates of $313.27 million. During the same quarter in the previous year, the business earned ($0.09) earnings per share. Telephone and Data Systems’s revenue was up 6.5% compared to the same quarter last year. On average, analysts expect that Telephone and Data Systems, Inc. will post 0.94 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is currently 30.19%.

Institutional Investors Weigh In On Telephone and Data Systems

A number of institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new stake in shares of Telephone and Data Systems in the second quarter valued at about $31,096,000. Milestone Asset Management LLC bought a new position in shares of Telephone and Data Systems during the second quarter worth about $1,053,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Telephone and Data Systems by 174.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 19,727 shares of the Wireless communications provider’s stock worth $673,000 after acquiring an additional 12,530 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Telephone and Data Systems by 13.8% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,424 shares of the Wireless communications provider’s stock worth $571,000 after acquiring an additional 1,875 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Telephone and Data Systems by 15.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 34,770 shares of the Wireless communications provider’s stock valued at $1,287,000 after acquiring an additional 4,692 shares during the last quarter. Institutional investors 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.