Telephone and Data Systems, Inc. (NYSE:TDS) Receives $51.67 Average Price Target from Brokerages

Shares of Telephone and Data Systems, Inc. (NYSE:TDS) have been given a consensus recommendation of “Hold” by the five research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $51.6667.

Several research firms recently commented on TDS. Citigroup lifted their price objective on Telephone and Data Systems from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Zacks Research downgraded shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Wall Street Zen cut Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Telephone and Data Systems in a research report on Monday, December 29th.

Telephone and Data Systems Stock Performance

Shares of Telephone and Data Systems stock opened at $46.14 on Monday. The firm’s 50-day moving average is $42.00 and its 200 day moving average is $39.92. Telephone and Data Systems has a 1 year low of $31.07 and a 1 year high of $47.07. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.89 and a quick ratio of 1.88. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of -42.72 and a beta of 0.32.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, December 15th. Telephone and Data Systems’s dividend payout ratio (DPR) is -14.81%.

Hedge Funds Weigh In On Telephone and Data Systems

Several hedge funds have recently modified their holdings of the stock. Salomon & Ludwin LLC raised its position in Telephone and Data Systems by 51.3% in the 4th quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 231 shares during the period. CIBC Asset Management Inc boosted its holdings in Telephone and Data Systems by 2.4% during the 4th quarter. CIBC Asset Management Inc now owns 9,804 shares of the Wireless communications provider’s stock valued at $402,000 after acquiring an additional 232 shares during the period. HighTower Advisors LLC grew its position in Telephone and Data Systems by 4.3% in the 4th quarter. HighTower Advisors LLC now owns 5,866 shares of the Wireless communications provider’s stock valued at $241,000 after acquiring an additional 240 shares during the last quarter. Croban grew its position in Telephone and Data Systems by 0.7% in the 3rd quarter. Croban now owns 37,088 shares of the Wireless communications provider’s stock valued at $1,455,000 after acquiring an additional 263 shares during the last quarter. Finally, Amalgamated Bank increased its stake in Telephone and Data Systems by 1.0% in the second quarter. Amalgamated Bank now owns 28,061 shares of the Wireless communications provider’s stock worth $998,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 80.00% of the company’s stock.

About Telephone and Data Systems

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.