Telephone and Data Systems (NYSE:TDS) Stock Price Down 8.2%

Telephone and Data Systems, Inc. (NYSE:TDS) dropped 8.2% on Friday . The company traded as low as $14.88 and last traded at $14.88. Approximately 255,370 shares traded hands during trading, a decline of 72% from the average daily volume of 926,443 shares. The stock had previously closed at $16.21.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th.

Telephone and Data Systems Price Performance

The business has a 50-day simple moving average of $15.61 and a two-hundred day simple moving average of $17.39. The company has a quick ratio of 1.23, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -2.84 and a beta of 0.81.

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, beating the consensus estimate of ($0.05) by $0.15. Telephone and Data Systems had a positive return on equity of 0.21% and a negative net margin of 9.69%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. As a group, research analysts predict that Telephone and Data Systems, Inc. will post -1 earnings per share for the current fiscal year.

Telephone and Data Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.19 per share. This is a positive change from Telephone and Data Systems’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 14th. This represents a $0.76 annualized dividend and a dividend yield of 5.29%. Telephone and Data Systems’s dividend payout ratio (DPR) is -15.05%.

Institutional Trading of Telephone and Data Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Securities Inc. bought a new stake in Telephone and Data Systems during the fourth quarter worth approximately $25,000. Anchor Investment Management LLC bought a new stake in shares of Telephone and Data Systems during the 4th quarter worth $46,000. Quarry LP acquired a new position in shares of Telephone and Data Systems in the 4th quarter worth $60,000. GAMMA Investing LLC acquired a new stake in shares of Telephone and Data Systems during the fourth quarter worth $93,000. Finally, Quadrant Capital Group LLC lifted 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 purchasing an additional 622 shares during the last quarter. 80.00% of the stock is currently 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.