Telephone and Data Systems (NYSE:TDSGet Free Report) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $38.00 to $36.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 70.86% from the stock’s current price.

Separately, StockNews.com upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 6th.

View Our Latest Stock Analysis on Telephone and Data Systems

Telephone and Data Systems Stock Performance

Telephone and Data Systems stock opened at $21.07 on Monday. The firm has a fifty day simple moving average of $15.94 and a two-hundred day simple moving average of $17.36. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.84. Telephone and Data Systems has a twelve month low of $6.43 and a twelve month high of $21.75. The company has a market capitalization of $2.38 billion, a PE ratio of -4.32 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDSGet Free Report) last released its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. Telephone and Data Systems had a positive return on equity of 0.62% and a negative net margin of 9.36%. Telephone and Data Systems’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) EPS. Research analysts expect that Telephone and Data Systems will post -1 EPS for the current year.

Institutional Investors Weigh In On Telephone and Data Systems

Hedge funds have recently bought and sold shares of the business. Principal Securities Inc. bought a new stake in Telephone and Data Systems during the fourth quarter worth about $25,000. Anchor Investment Management LLC bought a new position in shares of Telephone and Data Systems in the fourth quarter worth approximately $46,000. Quarry LP bought a new position in shares of Telephone and Data Systems in the fourth quarter worth approximately $60,000. GAMMA Investing LLC bought a new position in shares of Telephone and Data Systems in the fourth quarter worth approximately $93,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of Telephone and Data Systems by 14.0% in the fourth quarter. Quadrant Capital Group LLC now owns 5,062 shares of the Wireless communications provider’s stock worth $93,000 after buying an additional 622 shares in the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Company Profile

(Get Free Report)

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.

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