Wall Street Zen Downgrades Telephone and Data Systems (NYSE:TDS) to Sell

Telephone and Data Systems (NYSE:TDS) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other research analysts also recently issued reports on TDS. Raymond James Financial restated an “outperform” rating and issued a $49.00 price objective (up previously from $47.00) on shares of Telephone and Data Systems in a research note on Friday, July 25th. JPMorgan Chase & Co. reduced their price objective on Telephone and Data Systems from $56.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, May 28th.

Telephone and Data Systems Stock Up 1.3%

Shares of NYSE:TDS opened at $38.77 on Friday. The company has a market capitalization of $4.42 billion, a PE ratio of -36.92 and a beta of 0.54. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.74 and a quick ratio of 1.55. The business has a fifty day moving average price of $36.49 and a two-hundred day moving average price of $36.16. Telephone and Data Systems has a 1 year low of $19.85 and a 1 year high of $42.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TDS. LPL Financial LLC bought a new position in shares of Telephone and Data Systems during the 4th quarter worth $2,371,000. O Shaughnessy Asset Management LLC bought a new position in shares of Telephone and Data Systems during the 4th quarter worth $242,000. Federated Hermes Inc. bought a new position in shares of Telephone and Data Systems during the 4th quarter worth $56,000. Bank of Montreal Can boosted its stake in Telephone and Data Systems by 5.5% in the 4th quarter. Bank of Montreal Can now owns 42,642 shares of the Wireless communications provider’s stock worth $1,455,000 after purchasing an additional 2,241 shares during the period. Finally, Martingale Asset Management L P bought a new position in Telephone and Data Systems in the 4th quarter worth about $1,192,000. Institutional investors own 80.00% of the company’s stock.

About Telephone and Data Systems

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.