Telephone and Data Systems (NYSE:TDS) Trading Down 4.8%

Shares of Telephone and Data Systems, Inc. (NYSE:TDS) traded down 4.8% during trading on Tuesday . The stock traded as low as $19.01 and last traded at $19.05. 61,200 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 1,131,207 shares. The stock had previously closed at $20.01.

Analyst Ratings Changes

A number of research firms have recently weighed in on TDS. JPMorgan Chase & Co. reduced their price target on shares of Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. StockNews.com upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Monday, May 6th.

Telephone and Data Systems Trading Up 3.6 %

The business’s 50 day moving average price is $20.49 and its two-hundred day moving average price is $18.11. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -4.00 and a beta of 0.84.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, August 2nd. The Wireless communications provider reported ($0.13) EPS for the quarter, hitting the consensus estimate of ($0.13). Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the company earned ($0.17) EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, equities analysts predict that Telephone and Data Systems, Inc. will post -0.33 earnings per share for the current fiscal year.

Telephone and Data Systems Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.16 annualized dividend and a yield of 0.81%. Telephone and Data Systems’s dividend payout ratio is presently -3.29%.

Institutional Investors Weigh In On Telephone and Data Systems

Several hedge funds have recently added to or reduced their stakes in the business. Principal Securities Inc. bought a new stake in Telephone and Data Systems during the 4th quarter valued at $25,000. Blue Trust Inc. boosted its holdings in Telephone and Data Systems by 4,082.9% during the 2nd quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 1,674 shares during the last quarter. Quarry LP purchased a new position in Telephone and Data Systems during the 4th quarter worth $60,000. CWM LLC boosted its holdings in Telephone and Data Systems by 57.0% during the 2nd quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock worth $82,000 after acquiring an additional 1,430 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Telephone and Data Systems during the 2nd quarter worth $88,000. 80.00% of the stock is currently owned by institutional investors and hedge funds.

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.