Telephone and Data Systems (NYSE:TDS) Hits New 1-Year High – Time to Buy?

Shares of Telephone and Data Systems, Inc. (NYSE:TDS) reached a new 52-week high during trading on Wednesday . The stock traded as high as $35.39 and last traded at $35.26, with a volume of 225351 shares changing hands. The stock had previously closed at $34.33.

Wall Street Analyst Weigh In

TDS has been the subject of a number of recent research reports. Raymond James raised shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, November 4th.

Telephone and Data Systems Trading Up 2.3 %

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 $3.97 billion, a price-to-earnings ratio of -6.50 and a beta of 0.81. The business’s 50-day moving average price is $33.46 and its two-hundred day moving average price is $26.69.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.19. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.16) EPS. Equities analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.46%. Telephone and Data Systems’s payout ratio is currently -2.96%.

Hedge Funds Weigh In On Telephone and Data Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Silver Point Capital L.P. purchased a new stake in shares of Telephone and Data Systems during the 3rd quarter valued at $29,062,000. Dimensional Fund Advisors LP grew its position in Telephone and Data Systems by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,018,541 shares of the Wireless communications provider’s stock valued at $124,761,000 after acquiring an additional 507,512 shares during the period. Millennium Management LLC increased its stake in Telephone and Data Systems by 34.0% during the second quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider’s stock worth $40,430,000 after acquiring an additional 495,189 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Telephone and Data Systems in the 2nd quarter worth about $7,680,000. Finally, Bank of Montreal Can lifted its stake in shares of Telephone and Data Systems by 935.4% in the 2nd quarter. Bank of Montreal Can now owns 197,754 shares of the Wireless communications provider’s stock valued at $4,135,000 after purchasing an additional 178,654 shares in the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

About Telephone and Data Systems

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.