Raymond James Upgrades Telephone and Data Systems (NYSE:TDS) to Outperform

Telephone and Data Systems (NYSE:TDS) was upgraded by research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, FinViz reports. The brokerage presently has a $51.00 price target on the Wireless communications provider’s stock. Raymond James’ price target would suggest a potential upside of 56.73% from the stock’s previous close.

Separately, JPMorgan Chase & Co. upped their target price on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday.

Telephone and Data Systems Trading Up 14.2 %

NYSE TDS opened at $32.54 on Thursday. Telephone and Data Systems has a one year low of $13.69 and a one year high of $32.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The firm has a market cap of $3.68 billion, a P/E ratio of -6.03 and a beta of 0.77. The stock’s 50-day moving average is $24.98 and its 200-day moving average is $21.63.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.19. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the company posted ($0.16) EPS. Sell-side analysts anticipate that Telephone and Data Systems will post -0.44 earnings per share for the current fiscal year.

Institutional Trading of Telephone and Data Systems

Institutional investors have recently made changes to their positions in the business. Natixis Advisors LLC grew its stake in Telephone and Data Systems by 23.7% in the third quarter. Natixis Advisors LLC now owns 69,818 shares of the Wireless communications provider’s stock valued at $1,624,000 after purchasing an additional 13,385 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in Telephone and Data Systems during the third quarter worth about $211,000. Aigen Investment Management LP raised its stake in Telephone and Data Systems by 5.3% in the third quarter. Aigen Investment Management LP now owns 13,589 shares of the Wireless communications provider’s stock valued at $316,000 after buying an additional 685 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Telephone and Data Systems in the third quarter valued at approximately $1,308,000. Finally, Consolidated Planning Corp boosted its stake in shares of Telephone and Data Systems by 38.6% during the 3rd quarter. Consolidated Planning Corp now owns 28,453 shares of the Wireless communications provider’s stock worth $662,000 after acquiring an additional 7,918 shares during the period. Institutional investors own 80.00% of the company’s stock.

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.