Telephone and Data Systems (NYSE:TDS) Reaches New 12-Month High - What's Next?

Telephone and Data Systems, Inc. (NYSE:TDS - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $37.85 and last traded at $37.44, with a volume of 629733 shares. The stock had previously closed at $37.33.

Analyst Ratings Changes

Several brokerages recently weighed in on TDS. Raymond James raised Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price target for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on Telephone and Data Systems from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th.

Telephone and Data Systems Trading Up 3.0 %

The stock has a market cap of $4.47 billion, a PE ratio of -7.32 and a beta of 0.80. The business has a 50-day moving average of $35.07 and a 200 day moving average of $29.13. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59.

Telephone and Data Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, December 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.40%. Telephone and Data Systems's payout ratio is currently -2.96%.

Institutional Investors Weigh In On Telephone and Data Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Third Point LLC increased its holdings in shares of Telephone and Data Systems by 108.7% in the 4th quarter. Third Point LLC now owns 6,000,000 shares of the Wireless communications provider's stock valued at $204,660,000 after acquiring an additional 3,125,000 shares during the last quarter. Voleon Capital Management LP bought a new stake in shares of Telephone and Data Systems in the 4th quarter valued at approximately $559,000. Northern Trust Corp increased its holdings in shares of Telephone and Data Systems by 9.1% in the 4th quarter. Northern Trust Corp now owns 1,159,919 shares of the Wireless communications provider's stock valued at $39,565,000 after acquiring an additional 96,849 shares during the last quarter. Boothbay Fund Management LLC increased its holdings in shares of Telephone and Data Systems by 13.4% in the 4th quarter. Boothbay Fund Management LLC now owns 151,133 shares of the Wireless communications provider's stock valued at $5,155,000 after acquiring an additional 17,877 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Telephone and Data Systems in the 4th quarter valued at approximately $6,571,000. 80.00% of the stock is currently owned by hedge funds and other 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.