Telephone and Data Systems, Inc. (NYSE:TDS) Downgraded by BidaskClub to “Sell”

BidaskClub downgraded shares of Telephone and Data Systems, Inc. (NYSE:TDS) from a hold rating to a sell rating in a research report sent to investors on Sunday.

Telephone and Data Systems (NYSE TDS) traded up 1.32% during trading on Friday, hitting $27.59. The company had a trading volume of 476,157 shares. Telephone and Data Systems has a 52-week low of $24.12 and a 52-week high of $32.97. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 42.38 and a beta of 1.05. The firm’s 50 day moving average is $27.91 and its 200-day moving average is $28.18.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings results on Friday, May 5th. The Wireless communications provider reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.32. Telephone and Data Systems had a net margin of 1.43% and a return on equity of 1.41%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the business earned $0.07 EPS. Telephone and Data Systems’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities analysts forecast that Telephone and Data Systems will post $0.43 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $0.62 annualized dividend and a yield of 2.25%. Telephone and Data Systems’s dividend payout ratio is currently 96.88%.

A number of large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of Telephone and Data Systems by 30.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,010 shares of the Wireless communications provider’s stock valued at $116,000 after buying an additional 944 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Telephone and Data Systems by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 7,923 shares of the Wireless communications provider’s stock valued at $210,000 after buying an additional 183 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Telephone and Data Systems by 14.9% in the first quarter. Bank of Montreal Can now owns 8,413 shares of the Wireless communications provider’s stock valued at $223,000 after buying an additional 1,091 shares in the last quarter. Parametrica Management Ltd bought a new stake in shares of Telephone and Data Systems during the first quarter valued at approximately $233,000. Finally, Quantitative Investment Management LLC bought a new stake in shares of Telephone and Data Systems during the first quarter valued at approximately $254,000. Hedge funds and other institutional investors own 81.15% of the company’s stock.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

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