Telephone and Data Systems (NYSE:TDS) Sets New 52-Week High – What’s Next?

Telephone and Data Systems, Inc. (NYSE:TDS) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $37.85 and last traded at $37.44, with a volume of 629733 shares. The stock had previously closed at $37.33.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TDS. JPMorgan Chase & Co. upped their price target on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Raymond James upgraded shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research note on Thursday, November 7th.

Telephone and Data Systems Trading Up 1.0 %

The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The stock’s fifty day simple moving average is $34.90 and its 200-day simple moving average is $28.89.

Telephone and Data Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.04 per share. The ex-dividend date was Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.42%. Telephone and Data Systems’s dividend payout ratio is currently -2.96%.

Hedge Funds Weigh In On Telephone and Data Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Independence Bank of Kentucky acquired a new position in Telephone and Data Systems during the 4th quarter worth $41,000. Federated Hermes Inc. bought a new stake in shares of Telephone and Data Systems during the fourth quarter valued at about $56,000. Quarry LP lifted its holdings in Telephone and Data Systems by 35.5% in the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock worth $61,000 after purchasing an additional 692 shares during the period. SBI Securities Co. Ltd. bought a new position in Telephone and Data Systems in the 4th quarter valued at about $74,000. Finally, Versant Capital Management Inc increased its stake in Telephone and Data Systems by 14.5% during the 4th 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 during the period. 80.00% of the stock is owned by institutional investors.

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.