Telephone and Data Systems (TDS) Scheduled to Post Quarterly Earnings on Wednesday

Telephone and Data Systems (NYSE:TDSGet Free Report) is scheduled to be posting its 12/31/2023 quarterly earnings results before the market opens on Wednesday, February 14th. Analysts expect Telephone and Data Systems to post earnings of ($0.17) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Telephone and Data Systems Trading Up 3.2 %

Shares of TDS stock opened at $19.14 on Tuesday. Telephone and Data Systems has a 1-year low of $6.43 and a 1-year high of $21.75. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 0.71. The stock’s fifty day simple moving average is $18.50 and its 200-day simple moving average is $18.04.

Telephone and Data Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.87%. Telephone and Data Systems’s dividend payout ratio is -93.67%.

Institutional Trading of Telephone and Data Systems

A number of institutional investors have recently bought and sold shares of the company. Deutsche Bank AG lifted its position in shares of Telephone and Data Systems by 15.6% in the third quarter. Deutsche Bank AG now owns 48,419 shares of the Wireless communications provider’s stock worth $887,000 after buying an additional 6,543 shares during the last quarter. Walleye Capital LLC lifted its position in shares of Telephone and Data Systems by 254.9% in the third quarter. Walleye Capital LLC now owns 36,984 shares of the Wireless communications provider’s stock worth $677,000 after buying an additional 26,562 shares during the last quarter. Comerica Bank acquired a new stake in shares of Telephone and Data Systems in the third quarter worth about $1,024,000. Creative Planning lifted its position in shares of Telephone and Data Systems by 8.9% in the third quarter. Creative Planning now owns 11,068 shares of the Wireless communications provider’s stock worth $203,000 after buying an additional 908 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Telephone and Data Systems by 9.8% in the third quarter. Royal Bank of Canada now owns 27,469 shares of the Wireless communications provider’s stock worth $503,000 after buying an additional 2,460 shares during the last quarter. Institutional investors and hedge funds own 95.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Monday, November 6th.

Read Our Latest Stock Report on Telephone and Data Systems

About Telephone and Data Systems

(Get Free Report)

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.

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Earnings History for Telephone and Data Systems (NYSE:TDS)

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