Telephone and Data Systems, Inc. (TDS) Lifted to Buy at Drexel Hamilton

Drexel Hamilton upgraded shares of Telephone and Data Systems, Inc. (NYSE:TDS) from a hold rating to a buy rating in a research report released on Thursday morning, The Fly reports.

Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Telephone and Data Systems from a hold rating to a buy rating and set a $32.00 price target for the company in a research report on Tuesday, August 8th. BidaskClub raised Telephone and Data Systems from a sell rating to a hold rating in a research report on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Telephone and Data Systems has a consensus rating of Hold and an average price target of $32.00.

Shares of Telephone and Data Systems (TDS) opened at $25.49 on Thursday. The stock has a market capitalization of $2,819.58, a price-to-earnings ratio of 56.64, a P/E/G ratio of 10.26 and a beta of 1.02. Telephone and Data Systems has a 12-month low of $24.57 and a 12-month high of $32.97. The company has a current ratio of 2.42, a quick ratio of 2.29 and a debt-to-equity ratio of 0.54.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Wednesday, November 8th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09). The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Telephone and Data Systems had a negative net margin of 2.77% and a positive return on equity of 1.08%. Telephone and Data Systems’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. equities analysts forecast that Telephone and Data Systems will post 0.5 EPS for the current year.

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Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Telephone and Data Systems by 11.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the Wireless communications provider’s stock worth $105,000 after buying an additional 387 shares during the last quarter. Sei Investments Co. lifted its position in shares of Telephone and Data Systems by 13.9% in the second quarter. Sei Investments Co. now owns 4,868 shares of the Wireless communications provider’s stock worth $135,000 after buying an additional 594 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Telephone and Data Systems in the third quarter worth about $192,000. World Asset Management Inc acquired a new stake in shares of Telephone and Data Systems in the third quarter worth about $203,000. Finally, LS Investment Advisors LLC lifted its position in shares of Telephone and Data Systems by 20.0% in the second quarter. LS Investment Advisors LLC now owns 7,451 shares of the Wireless communications provider’s stock worth $207,000 after buying an additional 1,242 shares during the last quarter. 82.27% of the stock is owned by institutional investors.

About Telephone and Data Systems

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

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