At the last check on Thursday, Telephone and Data Systems Inc.’s (NYSE:TDS) stock was down -$0.33, moving down -1.79 percent to $18.14. The average number of shares traded per day over the past five days has been 2,224,203 shares. 4 times new highs have been achieved over the past 5 days, with a $0.93 gain in that time frame. In the last twenty days, the average volume was 3,251,241, while in the previous 50 days, it was 2,808,844.
Since last month, TDS stock rose 121.49%. Shares of the company fell to $7.32 on 07/18/23, the lowest level in the past month. A 52-week high of $18.89 was reached on 08/16/23 after having rallying from a 52-week low of $6.43. Since the beginning of this year, TDS’s stock price has risen by 72.93% or $7.67, and marked a new high 21 times. However, the stock has declined by -3.97% since its 52-week high.
Valuation Metrics
The stock’s beta is 0.73. Besides these, the trailing price-to-sales (P/S) ratio of 0.36, the price-to-book (PB) ratio of 0.44.
The latest dividend of $0.1850 per share was paid out, remained unchanged from last year’s $0.1850.
Financial Health
In the three months ended June 29, Telephone and Data Systems Inc.’s quick ratio stood at 1.20, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.83, and the total debt-to-equity ratio was 0.84. On the profitability front, the trailing twelve-month gross margin is 52.50% percent. In the year ended June 29, EBITDA margin amounted to 19.95%, whereas operating margins totaled 0.50%. Based on annual data, TDS earned $122.0 million in gross profit and brought in $5.41 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.80%. Return on equity (ROE) for the past 12 months was -2.00%.
In Telephone and Data Systems Inc.’s quarter-end financial report for June 29, it reported total debt of $3.87 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TDS’s revenue fell -6.47% to $1.3 billion during the quarter, while net income inched up to $1.27 billion. While analysts expected Telephone and Data Systems Inc. to report -$0.04 quarterly earnings, the actual figure was -$0.17 per share, beating the consensus estimate by -325.00%. During the quarter, the company generated $257.0 million in EBITDA. The liabilities of Telephone and Data Systems Inc. were 7.87 billion at the end of its most recent quarter ended June 29, and its total debt was $4.98 billion. The value of shareholders’ equity is $112.76 million.
Technical Picture
This quick technical analysis looks at Telephone and Data Systems Inc.’s (TDS) price momentum. With a historical volatility rate of 144.82%, the RSI 9-day stood at 80.32% on 16 August.
With respect to its five-day moving average, the current Telephone and Data Systems Inc. price is up by +5.37% percent or $0.93. At present, TDS shares trade +123.86% above its 20-day simple moving average and +86.97% percent above its 100-day simple moving average. However, the stock is currently trading approximately +151.80% above its SMA50 and +6.36% above its SMA200.
Stochastic coefficient K was 95.60% and Stochastic coefficient D was 96.86%, while ATR was 1.14. Given the Stochastic reading of 93.47% for the 14-day period, the RSI (14) reading has been calculated as 79.12%. As of today, the MACD Oscillator reading stands at 1.11, while the 14-day reading stands at 3.92.
Analyst Ratings
JP Morgan upgraded its rating on Telephone and Data Systems Inc. (NYSE: TDS) to an Overweight in a note to investors on August 08, 2023. The analysts firm previously had a Neutral rating on the stock.Telephone and Data Systems Inc. (TDS) has been rated Overweight by analysts. According to 0 brokerage firms, TDS is a sell, and 2 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Telephone and Data Systems Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $16.00, the current consensus forecast for the stock is $15.00 – $38.00. Based on these forecasts, analysts predict Telephone and Data Systems Inc. (TDS) will achieve an average price target of $23.00.
