Telephone and Data Systems (NYSE:TDS) Given New $56.00 Price Target at JPMorgan Chase & Co.

Telephone and Data Systems (NYSE:TDS) had its price target hoisted by JPMorgan Chase & Co. from $53.00 to $56.00 in a research note published on Monday morning,Benzinga reports. They currently have an overweight rating on the Wireless communications provider’s stock.

Separately, Raymond James raised shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a report on Thursday, November 7th.

Telephone and Data Systems Stock Down 3.2 %

NYSE TDS opened at $36.74 on Monday. Telephone and Data Systems has a twelve month low of $13.92 and a twelve month high of $41.21. The stock has a market cap of $4.15 billion, a PE ratio of -6.80 and a beta of 0.80. The firm has a 50-day simple moving average of $35.59 and a 200 day simple moving average of $29.87. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.23. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. On average, research analysts forecast that Telephone and Data Systems will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.04 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.44%. Telephone and Data Systems’s payout ratio is presently -18.60%.

Institutional Trading of Telephone and Data Systems

Institutional investors have recently bought and sold shares of the stock. Independence Bank of Kentucky bought a new position in shares of Telephone and Data Systems during the fourth quarter valued at $41,000. Federated Hermes Inc. acquired a new stake in shares of Telephone and Data Systems during the 4th quarter worth about $56,000. Quarry LP lifted its holdings in Telephone and Data Systems by 35.5% during the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock valued at $61,000 after purchasing an additional 692 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Telephone and Data Systems in the fourth quarter valued at about $74,000. Finally, Versant Capital Management Inc boosted its position in Telephone and Data Systems by 14.5% in the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after buying an additional 303 shares in the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

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.