Telephone and Data Systems (NYSE:TDS) Raised to Outperform at Raymond James

Telephone and Data Systems (NYSE:TDS - Get Free Report) was upgraded by research analysts at Raymond James from a "market perform" rating to an "outperform" rating in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a $51.00 price target on the Wireless communications provider's stock. Raymond James' target price suggests a potential upside of 57.24% from the company's current price.

Separately, JPMorgan Chase & Co. upped their price objective 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.

Telephone and Data Systems Trading Down 0.3 %

Telephone and Data Systems stock traded down $0.10 during trading hours on Thursday, hitting $32.44. The stock had a trading volume of 3,463,807 shares, compared to its average volume of 1,107,600. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of -6.01 and a beta of 0.77. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The business's 50 day simple moving average is $25.16 and its 200-day simple moving average is $21.70. Telephone and Data Systems has a one year low of $13.69 and a one year high of $34.57.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $1.24 billion. During the same period in the prior year, the company posted ($0.16) EPS. The company's revenue was down 4.2% on a year-over-year basis. On average, equities analysts predict that Telephone and Data Systems will post -0.44 EPS for the current fiscal year.

Institutional Trading of Telephone and Data Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDS. BNP Paribas Financial Markets lifted its stake in shares of Telephone and Data Systems by 26.1% in the first quarter. BNP Paribas Financial Markets now owns 86,106 shares of the Wireless communications provider's stock valued at $1,379,000 after buying an additional 17,825 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in Telephone and Data Systems by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 86,276 shares of the Wireless communications provider's stock worth $1,382,000 after purchasing an additional 1,154 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Telephone and Data Systems by 104.6% in the first quarter. Quantbot Technologies LP now owns 25,421 shares of the Wireless communications provider's stock worth $407,000 after purchasing an additional 12,999 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Telephone and Data Systems by 26.4% in the first quarter. Empowered Funds LLC now owns 460,509 shares of the Wireless communications provider's stock valued at $7,377,000 after purchasing an additional 96,104 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Telephone and Data Systems during the first quarter valued at approximately $218,000. 80.00% of the stock is owned by 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.