Telephone and Data Systems (NYSE:TDS) Raised to “Hold” at Wall Street Zen

Telephone and Data Systems (NYSE:TDS) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other equities analysts have also issued reports about the stock. Zacks Research lowered shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Telephone and Data Systems in a research report on Monday, December 29th. Finally, Citigroup boosted their target price 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. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Telephone and Data Systems currently has a consensus rating of “Hold” and a consensus price target of $51.67.

Telephone and Data Systems Stock Down 0.7%

NYSE:TDS opened at $45.21 on Friday. 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 firm’s 50-day moving average price is $43.11 and its 200-day moving average price is $40.29. The company has a market capitalization of $5.20 billion, a PE ratio of -41.86 and a beta of 0.32. Telephone and Data Systems has a 1-year low of $31.07 and a 1-year high of $47.79.

Institutional Investors Weigh In On Telephone and Data Systems

Several institutional investors have recently modified their holdings of the business. Bessemer Group Inc. raised its position in Telephone and Data Systems by 65.6% in the 3rd quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 277 shares during the last quarter. Salomon & Ludwin LLC grew its stake in shares of Telephone and Data Systems by 51.3% in the fourth quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 231 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Telephone and Data Systems by 121.3% during the third quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 455 shares during the last quarter. JPL Wealth Management LLC bought a new position in Telephone and Data Systems during the third quarter valued at approximately $33,000. Finally, Assetmark Inc. lifted its position in Telephone and Data Systems by 53.1% during the second quarter. Assetmark Inc. now owns 1,297 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 450 shares during the period. 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 (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.