Telephone and Data Systems (NYSE:TDS) Price Target Cut to $34.00

Telephone and Data Systems (NYSE:TDSGet Free Report) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $36.00 to $34.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 85.79% from the company’s current price.

Separately, StockNews.com raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Monday, May 6th.

Check Out Our Latest Analysis on Telephone and Data Systems

Telephone and Data Systems Stock Up 8.2 %

NYSE TDS opened at $18.30 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average of $16.89 and a two-hundred day moving average of $17.46. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of -3.76 and a beta of 0.81. Telephone and Data Systems has a 52 week low of $6.43 and a 52 week high of $21.75.

Telephone and Data Systems (NYSE:TDSGet Free Report) last issued its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the firm earned ($0.08) earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. On average, analysts predict that Telephone and Data Systems will post -0.34 earnings per share for the current year.

Hedge Funds Weigh In On Telephone and Data Systems

Large investors have recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new position in Telephone and Data Systems in the fourth quarter worth about $25,000. Anchor Investment Management LLC acquired a new position in shares of Telephone and Data Systems during the fourth quarter valued at about $46,000. Quarry LP acquired a new position in shares of Telephone and Data Systems during the fourth quarter valued at about $60,000. GAMMA Investing LLC acquired a new position in shares of Telephone and Data Systems during the fourth quarter valued at about $93,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of 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 valued at $93,000 after acquiring an additional 622 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors.

Telephone and Data Systems Company Profile

(Get Free Report)

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.

Further Reading

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