Telephone and Data Systems, Inc. (NYSE:TDS) Short Interest Up 23.9% in October

Telephone and Data Systems, Inc. (NYSE:TDS - Get Free Report) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 3,160,000 shares, an increase of 23.9% from the October 15th total of 2,550,000 shares. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is presently 3.0 days. Approximately 3.2% of the shares of the stock are short sold.

Telephone and Data Systems Trading Up 1.8 %

Telephone and Data Systems stock traded up $0.54 during mid-day trading on Friday, hitting $31.17. The company's stock had a trading volume of 988,323 shares, compared to its average volume of 1,105,866. The stock's fifty day moving average is $25.92 and its two-hundred day moving average is $22.25. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $3.52 billion, a PE ratio of -5.71 and a beta of 0.77. Telephone and Data Systems has a 1 year low of $13.69 and a 1 year high of $34.57.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.19. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the firm earned ($0.16) EPS. Telephone and Data Systems's revenue was down 4.2% on a year-over-year basis. On average, analysts anticipate that Telephone and Data Systems will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

TDS has been the topic of a number of recent research reports. Raymond James raised Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price objective on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Monday, November 4th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased 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 acquiring an additional 490 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Telephone and Data Systems by 1.4% in the 2nd quarter. Victory Capital Management Inc. now owns 41,514 shares of the Wireless communications provider's stock valued at $861,000 after buying an additional 554 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Telephone and Data Systems by 14.0% during the second quarter. Nisa Investment Advisors LLC now owns 5,146 shares of the Wireless communications provider's stock worth $107,000 after buying an additional 630 shares in the last quarter. Aigen Investment Management LP increased its stake in shares of Telephone and Data Systems by 5.3% during the third quarter. Aigen Investment Management LP now owns 13,589 shares of the Wireless communications provider's stock worth $316,000 after buying an additional 685 shares during the period. Finally, Quarry LP lifted its stake in Telephone and Data Systems by 35.5% in the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider's stock worth $61,000 after acquiring an additional 692 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

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.