Telephone and Data Systems, Inc (NYSE:TDS):
TDS and U.S. Cellular to release third quarter operating results and host conference call on November 4, 2016.
In the market the company is trading down by -2.13 percent from yesterday’s close.
Additionally the company declared a dividend which was paid on Friday September 30th, 2016. The dividend payment was $0.148 per share for the quarter which is $0.59 annualized. This dividend amount was represent a yeild of $2.27. The ex-dividend date was set for Wednesday the 14th of September 2016.
Shares are trading at $25.79 marginally under the 50 day moving average which is $26.94 and slightly below the 200 day moving average of $28.62. The 50 day moving average was down $-1.15 or -4.28% and the 200 day average was down $-2.83.
The P/E ratio is currently 33.62 and the market cap is 2.82B. As of the last earnings report the EPS was $0.77 and is expected to be $0.44 for the current year with 109,456,000 shares now outstanding. Next quarter’s EPS is expected be $-0.08 with next year’s EPS projected to be $0.38.
Several ratings analysts have weighed in on the company recently. JP Morgan downgraded the stock and lowered the price target on January 4 changing the price target from $0.00 to $34.00 and altering the rating from “Overweight” to “Neutral”. On January 4 the stock rating was downgraded to “Neutral” from “Overweight” and a price target of $34.00 was set in a report issued by JP Morgan.
Equity analyst Raymond James both upgraded the stock and raised the price target on August 5 changing the price objective from $37.00 to $39.00 and setting the rating at “Strong Buy” which had previously been “Outperform”. On August 5 the company was upgraded from “Outperform” to “Strong Buy” with a current price target of $39.00 in a report from Raymond James.
On May 30 the stock rating was upgraded to “Equal-weight” from “” in a statement from Morgan Stanley. On March 3, 2014 the stock rating was changed to a “Overweight” in a report from JP Morgan which is up from the previous “Neutral” rating.