Telephone And Data Systems, Inc (NYSE:TDS) price on Friday, February 07, rose 0.62% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $37.20.
A look at the stock’s price movement, the close in the last trading session was $36.97, moving within a range at $36.615 and $37.46. The beta value (5-Year monthly) was 0.783. Turning to its 52-week performance, $37.15 and $13.69 were the 52-week high and 52-week low respectively. Overall, TDS moved 13.73% over the past month.
Telephone And Data Systems, Inc’s market cap currently stands at around $3.94 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.31, with its dividend yield at 0.83%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.23B for the company’s revenue for the quarter, with a low and high estimate of 1.2B and 1.25B respectively. The average forecast suggests down to a -6.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.95B, representing a -4.03% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TDS is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend TDS as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Strong Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TDS’s current price about 4.68% and 7.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.33, while 7-day volatility ratio is 2.62% and 2.84% in the 30-day chart. Further, Telephone And Data Systems, Inc (TDS) has a beta value of 0.77, and an average true range (ATR) of 1.02. Analysts have given the company’s stock an average 52-week price target of $51, forecast between a low of $51 and high of $51. Looking at the price targets, the low is -37.1% off current price level while to achieve the yearly target high, price needs to move -37.1%. Nonetheless, investors will most likely welcome a -37.1% jump to $51 which is the analysts’ median price.
If we refocus on Telephone And Data Systems, Inc (NYSE:TDS), historical trading data shows that trading volumes averaged 0.72 over the past 10 days and 923.71K over the past 3 months. The company’s latest data on shares outstanding shows there are 106.00 million shares.
The 13.25% of Telephone And Data Systems, Inc’s shares are in the hands of company insiders while institutional holders own 85.71% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.09 million on 2025-01-15, giving us a short ratio of 4.2. The data shows that as of 2025-01-15 short interest in Telephone And Data Systems, Inc (TDS) stood at 411.99997 of shares outstanding, with shares short rising to 2.81 million registered in 2024-12-13. Current price change has pushed the stock 9.06% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TDS stock continues to rise going into the next quarter.
