Today Citigroup Maintains a Buy Rating on Telephone and Data (NYSE:TDS) and a $39 Target Price

August 9, 2018 - By Carolyn Hewitt

Telephone and Data Systems, Inc. (NYSE:TDS) Logo

Investors sentiment decreased to 1.05 in Q1 2018. Its down 0.50, from 1.55 in 2017Q4. It worsened, as 18 investors sold Telephone and Data Systems, Inc. shares while 80 reduced holdings. 33 funds opened positions while 70 raised stakes. 89.05 million shares or 0.13% less from 89.16 million shares in 2017Q4 were reported.

Contour Asset Llc stated it has 634,978 shares. Utah Retirement holds 0.01% in Telephone and Data Systems, Inc. (NYSE:TDS) or 17,976 shares. Grp One Trading Limited Partnership holds 0% or 600 shares in its portfolio. Ajo Limited Partnership holds 0.39% in Telephone and Data Systems, Inc. (NYSE:TDS) or 3.03M shares. Geode Cap Ltd reported 0.01% of its portfolio in Telephone and Data Systems, Inc. (NYSE:TDS). Citigroup stated it has 14,994 shares. Element Capital Mngmt Lc holds 0.01% or 13,261 shares in its portfolio. Cibc Ww Mkts Corp owns 237,100 shares. Comerica National Bank holds 73,866 shares. 259,197 are owned by River Road Asset. Pnc Fincl Serv Group Inc Inc holds 0% of its portfolio in Telephone and Data Systems, Inc. (NYSE:TDS) for 2,974 shares. Wedge Management L L P Nc holds 0% of its portfolio in Telephone and Data Systems, Inc. (NYSE:TDS) for 8,006 shares. Alliancebernstein L P reported 63,329 shares stake. Thrivent For Lutherans stated it has 0% of its portfolio in Telephone and Data Systems, Inc. (NYSE:TDS). Franklin Resource owns 0% invested in Telephone and Data Systems, Inc. (NYSE:TDS) for 10,435 shares.

Since February 27, 2018, it had 0 insider buys, and 6 sales for $8.90 million activity. Carlson Prudence E sold $160,784 worth of stock. 4,000 shares valued at $106,640 were sold by SARANOW MITCHELL H on Wednesday, June 13. WILLIAMSON SCOTT H sold $801,695 worth of stock or 28,714 shares. $51,511 worth of Telephone and Data Systems, Inc. (NYSE:TDS) was sold by Davis Clarence A on Thursday, June 21.

Telephone and Data (NYSE:TDS) Rating Reaffirmed

Telephone and Data (NYSE:TDS) just had their share rating of a ‘Buy’ issued by research analysts at Citigroup, who now has a $39 PT on the $3.34B market cap company or a 30.52 % upside potential. This key information was revealed to clients and investors in a report on 8 August.

Telephone and Data Systems, Inc. (NYSE:TDS) Ratings Coverage

Among 3 analysts covering Telephone and Data (NYSE:TDS), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Telephone and Data had 3 analyst reports since May 2, 2018 according to SRatingsIntel. Citigroup maintained the stock with “Buy” rating in Wednesday, August 8 report. The stock of Telephone and Data Systems, Inc. (NYSE:TDS) earned “Underweight” rating by JP Morgan on Wednesday, July 11. The stock of Telephone and Data Systems, Inc. (NYSE:TDS) has “Outperform” rating given on Wednesday, May 2 by Raymond James.

The stock increased 1.05% or $0.31 during the last trading session, reaching $29.88. About 1.30 million shares traded or 102.48% up from the average. Telephone and Data Systems, Inc. (NYSE:TDS) has declined 8.94% since August 9, 2017 and is downtrending. It has underperformed by 21.51% the S&P500.

Analysts await Telephone and Data Systems, Inc. (NYSE:TDS) to report earnings on November, 14. They expect $0.17 earnings per share, up 112.50 % or $0.09 from last year’s $0.08 per share. TDS’s profit will be $19.03M for 43.94 P/E if the $0.17 EPS becomes a reality. After $0.29 actual earnings per share reported by Telephone and Data Systems, Inc. for the previous quarter, Wall Street now forecasts -41.38 % negative EPS growth.

Telephone and Data Systems, Inc., a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company has market cap of $3.34 billion. The firm offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans. It has a 18.95 P/E ratio. It also offers wireless devices comprising handsets, tablets, mobile hotspots, home phones, and routers; and including accessories, including wireless basics, such as cases, screen protectors, chargers, and memory cards, as well as an assortment of consumer electronics comprising headphones, speakers, wearables, and home automation products.

More important recent Telephone and Data Systems, Inc. (NYSE:TDS) news were published by: Prnewswire.com which released: “TDS and US Cellular to present at 21st Oppenheimer Annual Technology, Internet & Communications Conference” on July 31, 2018, also Seekingalpha.com published article titled: “US Cellular, TDS tumble as JPMorgan bears up”, Prnewswire.com published: “TDS reports second quarter 2018 results” on August 03, 2018. More interesting news about Telephone and Data Systems, Inc. (NYSE:TDS) was released by: Benzinga.com and their article: “Earnings Scheduled For August 3, 2018” with publication date: August 03, 2018.

Telephone and Data Systems, Inc. (NYSE:TDS) Institutional Positions Chart

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