Telephone and Data Systems (NYSE:TDS) Stock Rating Upgraded by StockNews.com

Telephone and Data Systems (NYSE:TDS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Telephone and Data Systems Trading Down 1.9 %

Shares of TDS opened at $15.40 on Monday. The company’s fifty day moving average is $15.64 and its 200 day moving average is $17.34. Telephone and Data Systems has a fifty-two week low of $6.43 and a fifty-two week high of $21.75. The stock has a market capitalization of $1.74 billion, a PE ratio of -3.16 and a beta of 0.81. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.40 and a current ratio of 1.58.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.15. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. Telephone and Data Systems’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.08) earnings per share. Sell-side analysts expect that Telephone and Data Systems will post -1 earnings per share for the current fiscal year.

Institutional Trading of Telephone and Data Systems

A number of hedge funds have recently added to or reduced their stakes in TDS. Principal Securities Inc. bought a new position in Telephone and Data Systems in the fourth quarter worth about $25,000. Anchor Investment Management LLC bought a new position in Telephone and Data Systems in the fourth quarter worth about $46,000. Quarry LP bought a new position in Telephone and Data Systems in the fourth quarter worth about $60,000. GAMMA Investing LLC bought a new position in Telephone and Data Systems in the fourth quarter worth about $93,000. Finally, Quadrant Capital Group LLC raised its holdings in Telephone and Data Systems by 14.0% in the fourth quarter. Quadrant Capital Group LLC now owns 5,062 shares of the Wireless communications provider’s stock worth $93,000 after purchasing an additional 622 shares in the last quarter. 80.00% of the stock is owned by hedge funds and other 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.