Stock Traders Purchase Large Volume of Telephone and Data Systems Call Options (NYSE:TDS)

Telephone and Data Systems, Inc. (NYSE:TDS) saw unusually large options trading on Monday. Stock investors purchased 3,992 call options on the company. This represents an increase of 50% compared to the average volume of 2,664 call options.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Monday.

Institutional Investors Weigh In On Telephone and Data Systems

Several hedge funds and other institutional investors have recently modified their holdings of TDS. Principal Securities Inc. bought a new position in shares of Telephone and Data Systems in the fourth quarter worth approximately $25,000. Anchor Investment Management LLC bought a new position in shares of Telephone and Data Systems during the 4th quarter valued at $46,000. Quarry LP purchased a new position in Telephone and Data Systems in the 4th quarter worth $60,000. GAMMA Investing LLC bought a new stake in Telephone and Data Systems in the fourth quarter worth $93,000. Finally, Quadrant Capital Group LLC boosted its position 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 valued at $93,000 after buying an additional 622 shares during the period. 80.00% of the stock is currently owned by institutional investors.

Telephone and Data Systems Trading Up 9.3 %

NYSE TDS opened at $15.69 on Tuesday. Telephone and Data Systems has a one year low of $6.43 and a one year high of $21.75. The business’s fifty day moving average is $15.63 and its 200-day moving average is $17.35. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -3.22 and a beta of 0.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.58 and a quick ratio of 1.40.

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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. Telephone and Data Systems had a positive return on equity of 0.62% and a negative net margin of 9.36%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the business posted ($0.08) EPS. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities research analysts predict that Telephone and Data Systems will post -1 EPS for the current year.

Telephone and Data Systems Increases Dividend

The business also recently declared 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. The ex-dividend date was Thursday, March 14th. This is a boost from Telephone and Data Systems’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a dividend yield of 4.84%. Telephone and Data Systems’s dividend payout ratio is currently -15.61%.

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.