Telephone and Data Systems (NYSE:TDS) Sees Unusually-High Trading Volume

Telephone and Data Systems, Inc. (NYSE:TDS) saw unusually-strong trading volume on Thursday . Approximately 6,823,496 shares changed hands during trading, an increase of 572% from the previous session’s volume of 1,015,227 shares.The stock last traded at $20.23 and had previously closed at $15.30.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Monday.

Telephone and Data Systems Stock Performance

The company has a market cap of $2.22 billion, a price-to-earnings ratio of -4.04 and a beta of 0.81. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.84. The stock has a 50 day simple moving average of $15.74 and a 200 day simple moving average of $17.34.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.15. Telephone and Data Systems had a positive return on equity of 0.62% and a negative net margin of 9.36%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. The company’s revenue was down 3.1% compared to the same quarter last year. As a group, analysts predict that Telephone and Data Systems, Inc. will post -1 EPS for the current year.

Telephone and Data Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.19 dividend. This is a positive change from Telephone and Data Systems’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a yield of 3.86%. The ex-dividend date was Thursday, March 14th. Telephone and Data Systems’s payout ratio is currently -15.61%.

Institutional Trading of Telephone and Data Systems

Several large investors have recently added to or reduced their stakes in the business. Principal Securities Inc. acquired a new position in shares of Telephone and Data Systems during the fourth quarter valued at $25,000. Anchor Investment Management LLC acquired a new stake in Telephone and Data Systems in the fourth quarter worth approximately $46,000. Quarry LP acquired a new position in shares of Telephone and Data Systems during the 4th quarter valued at $60,000. GAMMA Investing LLC acquired a new position in shares of Telephone and Data Systems during the 4th quarter valued at $93,000. Finally, Quadrant Capital Group LLC raised its position in 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 acquiring an additional 622 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

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.