Telephone and Data Systems (NYSE:TDS) Reaches New 1-Year High - Should You Buy?

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Raymond James raised shares of Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 target price for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted 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 note on Monday, November 4th.

Telephone and Data Systems Price Performance

The stock has a market capitalization of $4.22 billion, a P/E ratio of -6.91 and a beta of 0.80. The business has a fifty day simple moving average of $34.68 and a 200 day simple moving average of $28.59. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems Announces Dividend

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

Hedge Funds Weigh In On Telephone and Data Systems

A number of hedge funds have recently bought and sold shares of the company. Silver Point Capital L.P. bought a new stake in shares of Telephone and Data Systems during the 3rd quarter worth $29,062,000. Raymond James Financial Inc. bought a new stake in Telephone and Data Systems in the fourth quarter worth about $5,619,000. Loomis Sayles & Co. L P boosted its stake in Telephone and Data Systems by 35.3% in the third quarter. Loomis Sayles & Co. L P now owns 523,150 shares of the Wireless communications provider's stock valued at $12,163,000 after acquiring an additional 136,419 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Telephone and Data Systems by 66.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,906 shares of the Wireless communications provider's stock valued at $6,624,000 after acquiring an additional 113,862 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Telephone and Data Systems by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider's stock worth $34,035,000 after purchasing an additional 103,114 shares during the last quarter. 80.00% of the stock is 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.