Telephone and Data Systems (NYSE:TDS – Get Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
Telephone and Data Systems Stock Down 1.1 %
Telephone and Data Systems stock opened at $15.75 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 firm has a fifty day moving average price of $17.36 and a two-hundred day moving average price of $18.11. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -3.12 and a beta of 0.81. Telephone and Data Systems has a fifty-two week low of $6.43 and a fifty-two week high of $21.75.
Telephone and Data Systems (NYSE:TDS – Get Free Report) last released its earnings results on Friday, February 16th. The Wireless communications provider reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. Telephone and Data Systems had a positive return on equity of 0.21% and a negative net margin of 9.69%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business earned ($0.38) earnings per share. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, analysts forecast that Telephone and Data Systems will post -1.08 earnings per share for the current year.
Institutional Investors Weigh In On Telephone and Data Systems
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Telephone and Data Systems by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 12,248,615 shares of the Wireless communications provider’s stock worth $224,762,000 after acquiring an additional 565,371 shares during the last quarter. Quarry LP bought a new stake in Telephone and Data Systems during the fourth quarter valued at $60,000. Price T Rowe Associates Inc. MD raised its position in shares of Telephone and Data Systems by 6.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 161,422 shares of the Wireless communications provider’s stock worth $2,963,000 after purchasing an additional 10,482 shares during the period. Barclays PLC grew its holdings in Telephone and Data Systems by 8.8% during the fourth quarter. Barclays PLC now owns 258,044 shares of the Wireless communications provider’s stock worth $4,735,000 after buying an additional 20,790 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Telephone and Data Systems by 74.7% during the fourth quarter. Nuveen Asset Management LLC now owns 945,537 shares of the Wireless communications provider’s stock valued at $17,351,000 after acquiring an additional 404,334 shares during the last quarter. 95.40% of the stock is owned by institutional investors and hedge funds.
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.