Telephone and Data Systems (NYSE:TDS) Lifted to Hold at StockNews.com

Telephone and Data Systems (NYSE:TDS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Telephone and Data Systems Stock Performance

TDS stock traded up $1.33 during trading on Monday, reaching $15.69. 1,878,432 shares of the stock were exchanged, compared to its average volume of 963,611. The stock has a 50 day simple moving average of $15.63 and a 200-day simple moving average of $17.35. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1.77 billion, a P/E ratio of -3.22 and a beta of 0.81. Telephone and Data Systems has a twelve month low of $6.43 and a twelve month high of $21.75.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.15. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Telephone and Data Systems had a positive return on equity of 0.62% and a negative net margin of 9.36%. Telephone and Data Systems’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.08) EPS. As a group, sell-side analysts anticipate that Telephone and Data Systems will post -1 earnings per share for the current year.

Institutional Trading of Telephone and Data Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Securities Inc. acquired a new stake in Telephone and Data Systems during the fourth quarter valued at approximately $25,000. Anchor Investment Management LLC acquired a new stake in Telephone and Data Systems in the 4th quarter valued at $46,000. Quarry LP bought a new stake in Telephone and Data Systems in the fourth quarter valued at $60,000. GAMMA Investing LLC bought a new stake in Telephone and Data Systems in the fourth quarter valued at $93,000. Finally, Quadrant Capital Group LLC raised its stake in Telephone and Data Systems by 14.0% during the fourth quarter. Quadrant Capital Group LLC now owns 5,062 shares of the Wireless communications provider’s stock worth $93,000 after acquiring an additional 622 shares in the last quarter. Institutional investors own 80.00% of the company’s stock.

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.