JPMorgan Chase & Co. Increases Telephone and Data Systems (NYSE:TDS) Price Target to $56.00

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

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

Telephone and Data Systems Trading Down 1.3 %

TDS opened at $35.80 on Monday. The firm has a market cap of $4.05 billion, a P/E ratio of -6.63 and a beta of 0.80. Telephone and Data Systems has a 12 month low of $14.04 and a 12 month high of $41.21. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average of $35.74 and a 200 day moving average of $30.14.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.23. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates 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%. As a group, research analysts forecast that Telephone and Data Systems will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.45%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -18.60%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GSA Capital Partners LLP purchased a new position in shares of Telephone and Data Systems during the third quarter valued at approximately $1,308,000. TCW Group Inc. boosted its position in shares of Telephone and Data Systems by 3.2% during the third quarter. TCW Group Inc. now owns 566,832 shares of the Wireless communications provider’s stock valued at $13,179,000 after buying an additional 17,400 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Telephone and Data Systems during the fourth quarter valued at approximately $246,000. Algert Global LLC boosted its position in shares of Telephone and Data Systems by 11.8% during the third quarter. Algert Global LLC now owns 246,086 shares of the Wireless communications provider’s stock valued at $5,721,000 after buying an additional 25,941 shares during the period. Finally, CWA Asset Management Group LLC purchased a new position in shares of Telephone and Data Systems during the fourth quarter valued at approximately $710,000. Hedge funds and other institutional investors 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.