Telephone and Data Systems (NYSE:TDS) PT Raised to $18.00 at Morgan Stanley

Telephone and Data Systems (NYSE:TDS) had its price objective raised by Morgan Stanley from $15.00 to $18.00 in a research report released on Monday, Benzinga reports. The firm currently has an equal weight rating on the Wireless communications provider’s stock.

TDS has been the topic of a number of other reports. StockNews.com initiated coverage on shares of Telephone and Data Systems in a report on Thursday, August 17th. They set a sell rating on the stock. JPMorgan Chase & Co. upgraded shares of Telephone and Data Systems from a neutral rating to an overweight rating and set a $38.00 price objective on the stock in a report on Tuesday, August 8th. Finally, Citigroup lifted their price target on shares of Telephone and Data Systems from $16.00 to $23.00 in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Telephone and Data Systems has a consensus rating of Hold and a consensus target price of $26.33.

Telephone and Data Systems Trading Up 1.2 %

Shares of NYSE TDS opened at $17.76 on Monday. The company’s 50 day simple moving average is $14.18 and its 200 day simple moving average is $10.87. Telephone and Data Systems has a fifty-two week low of $6.43 and a fifty-two week high of $21.75. The firm has a market capitalization of $2.00 billion, a P/E ratio of -20.89 and a beta of 0.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.37 and a quick ratio of 1.20.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings data on Friday, August 4th. The Wireless communications provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.29 billion. Telephone and Data Systems had a negative net margin of 0.53% and a negative return on equity of 0.51%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. On average, analysts predict that Telephone and Data Systems will post -0.64 EPS for the current year.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, September 14th. Telephone and Data Systems’s payout ratio is -87.06%.

Institutional Trading of Telephone and Data Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC boosted its holdings in Telephone and Data Systems by 777.5% in the 2nd quarter. Parallel Advisors LLC now owns 3,115 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 2,760 shares during the period. Harbour Investments Inc. raised its position in shares of Telephone and Data Systems by 1,358.7% in the 2nd quarter. Harbour Investments Inc. now owns 4,376 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 4,076 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Telephone and Data Systems by 157.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,670 shares of the Wireless communications provider’s stock valued at $38,000 after buying an additional 2,247 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Telephone and Data Systems by 89.8% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 4,100 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 1,940 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY raised its position in shares of Telephone and Data Systems by 12.0% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 5,528 shares of the Wireless communications provider’s stock valued at $45,000 after buying an additional 593 shares in the last quarter. Institutional investors own 95.40% of the company’s stock.

About Telephone and Data Systems

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.