OneDigital Investment Advisors LLC Takes Position in Telephone and Data Systems, Inc. (NYSE:TDS)

OneDigital Investment Advisors LLC acquired a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,075 shares of the Wireless communications provider’s stock, valued at approximately $211,000.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Telephone and Data Systems by 4,082.9% in the second quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 1,674 shares in the last quarter. Quarry LP purchased a new position in Telephone and Data Systems during the second quarter worth about $40,000. CWM LLC boosted its stake in shares of Telephone and Data Systems by 57.0% in the second quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock valued at $82,000 after buying an additional 1,430 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Telephone and Data Systems during the 2nd quarter worth $88,000. Finally, Natixis purchased a new stake in shares of Telephone and Data Systems during the 1st quarter worth approximately $96,000. 80.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of 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. Raymond James raised Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research report on Thursday, November 7th.

Telephone and Data Systems Stock Up 3.4 %

NYSE:TDS opened at $34.12 on Friday. The stock has a 50-day simple moving average of $26.82 and a 200 day simple moving average of $22.81. Telephone and Data Systems, Inc. has a one year low of $13.69 and a one year high of $34.57. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of -6.11 and a beta of 0.77. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.19. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm posted ($0.16) EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. Sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.36 EPS for the current fiscal year.

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.