Telephone and Data Systems (NYSE:TDS) Sets New 1-Year High – Still a Buy?

Telephone and Data Systems, Inc. (NYSE:TDS)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $39.54 and last traded at $39.85, with a volume of 700810 shares changing hands. The stock had previously closed at $38.37.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Raymond James raised 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 report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th.

Telephone and Data Systems Stock Up 2.1 %

The firm’s 50-day simple moving average is $35.19 and its 200 day simple moving average is $29.32. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The stock has a market capitalization of $4.56 billion, a P/E ratio of -7.47 and a beta of 0.80.

Telephone and Data Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.40%. Telephone and Data Systems’s dividend payout ratio is -2.96%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc grew its stake in shares of 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. GAMMA Investing LLC lifted its stake in Telephone and Data Systems by 8.3% in the fourth quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider’s stock valued at $196,000 after acquiring an additional 440 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Telephone and Data Systems by 4.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,319 shares of the Wireless communications provider’s stock worth $352,000 after purchasing an additional 482 shares during the last quarter. Aigen Investment Management LP increased its stake in shares of Telephone and Data Systems by 5.3% during the 3rd quarter. Aigen Investment Management LP now owns 13,589 shares of the Wireless communications provider’s stock worth $316,000 after purchasing an additional 685 shares during the last quarter. Finally, Quarry LP lifted its stake in Telephone and Data Systems by 35.5% in 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. 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.