Telephone & Data Systems (TDS) Downgraded by TheStreet

Share on StockTwits

Telephone & Data Systems (NYSE:TDS) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Wednesday, TheStreetRatingsTable reports.

A number of other research analysts also recently issued reports on TDS. ValuEngine upgraded Telephone & Data Systems from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded Telephone & Data Systems from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $38.20.

NYSE TDS opened at $32.48 on Wednesday. Telephone & Data Systems has a 1-year low of $24.00 and a 1-year high of $37.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.65 and a quick ratio of 2.48. The stock has a market capitalization of $3.63 billion, a PE ratio of 27.76 and a beta of 1.00.

Telephone & Data Systems (NYSE:TDS) last announced its quarterly earnings results on Thursday, May 2nd. The Wireless communications provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.14. Telephone & Data Systems had a return on equity of 2.57% and a net margin of 2.62%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business earned $0.34 EPS. Telephone & Data Systems’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts forecast that Telephone & Data Systems will post 1.05 earnings per share for the current year.

In other Telephone & Data Systems news, Director Mitchell H. Saranow sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $31.75, for a total transaction of $127,000.00. Following the transaction, the director now owns 15,074 shares in the company, valued at approximately $478,599.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kenneth R. Meyers sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $32.30, for a total value of $1,292,000.00. Following the transaction, the insider now owns 32,305 shares in the company, valued at approximately $1,043,451.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,350 shares of company stock worth $1,430,127. 14.33% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. grew its holdings in shares of Telephone & Data Systems by 30.8% during the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the Wireless communications provider’s stock worth $55,000 after acquiring an additional 400 shares during the period. Fort L.P. grew its holdings in shares of Telephone & Data Systems by 188.8% during the 4th quarter. Fort L.P. now owns 2,238 shares of the Wireless communications provider’s stock worth $73,000 after acquiring an additional 1,463 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Telephone & Data Systems by 944.9% during the 1st quarter. Quadrant Capital Group LLC now owns 2,351 shares of the Wireless communications provider’s stock worth $69,000 after acquiring an additional 2,126 shares during the period. Doyle Wealth Management purchased a new position in shares of Telephone & Data Systems during the 4th quarter worth approximately $84,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Telephone & Data Systems by 19.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,553 shares of the Wireless communications provider’s stock worth $181,000 after acquiring an additional 917 shares during the period. Hedge funds and other institutional investors own 82.77% of the company’s stock.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

Featured Story: Bid-Ask Spread

Receive News & Ratings for Telephone & Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telephone & Data Systems and related companies with MarketBeat.com's FREE daily email newsletter.