Telephone and Data Systems (NYSE:TDS) Rating Lowered to Sell at StockNews.com

Telephone and Data Systems (NYSE:TDS) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Telephone and Data Systems Stock Performance

NYSE TDS opened at $15.86 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 1.23. The company has a market cap of $1.79 billion, a P/E ratio of -3.14 and a beta of 0.81. The stock has a 50-day moving average of $16.77 and a two-hundred day moving average of $17.78. Telephone and Data Systems has a 1-year low of $6.43 and a 1-year high of $21.75.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, February 16th. The Wireless communications provider reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. Telephone and Data Systems had a negative net margin of 9.69% and a positive return on equity of 0.21%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted ($0.38) earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, analysts anticipate that Telephone and Data Systems will post -1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY increased its position in shares of Telephone and Data Systems by 12.0% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 5,528 shares of the Wireless communications provider’s stock valued at $45,000 after purchasing an additional 593 shares during the last quarter. Diversified Trust Co increased its holdings in Telephone and Data Systems by 2.3% in the third quarter. Diversified Trust Co now owns 26,865 shares of the Wireless communications provider’s stock valued at $492,000 after buying an additional 607 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Telephone and Data Systems by 14.0% in the fourth quarter. Quadrant Capital Group LLC now owns 5,062 shares of the Wireless communications provider’s stock valued at $93,000 after buying an additional 622 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Telephone and Data Systems by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,279 shares of the Wireless communications provider’s stock worth $340,000 after buying an additional 691 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Telephone and Data Systems by 8.9% during the 3rd quarter. Creative Planning now owns 11,068 shares of the Wireless communications provider’s stock worth $203,000 after acquiring an additional 908 shares in the last quarter. 80.00% of the stock is 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.