Telephone and Data Systems (NYSE:TDS) Shares Down 6.1% – What’s Next?

22 May 2026, 13:33 by Teresa Graham · The Cerbat Gem

Telephone and Data Systems, Inc. (NYSE:TDS – Get Free Report) shares fell 6.1% on Friday . The stock traded as low as $39.40 and last traded at $38.6790. 520,029 shares changed hands during trading, a decline of 44% from the average session volume of 930,696 shares. The stock had previously closed at $41.20.

Analysts Set New Price Targets

Several research firms have recently weighed in on TDS. Weiss Ratings raised Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 24th. Citigroup raised their price objective on Telephone and Data Systems from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Wall Street Zen lowered Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. Finally, Raymond James Financial lowered Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $53.33.

Read Our Latest Stock Analysis on TDS

Telephone and Data Systems Price Performance

The stock has a fifty day moving average price of $43.82 and a 200-day moving average price of $42.57. The company has a market cap of $4.55 billion, a PE ratio of 75.36 and a beta of 0.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.43 and a quick ratio of 3.42.

Telephone and Data Systems (NYSE:TDS – Get Free Report) last released its earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.98. The company had revenue of $309.45 million during the quarter, compared to analyst estimates of $313.28 million. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) earnings per share. On average, equities analysts expect that Telephone and Data Systems, Inc. will post 0.94 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Telephone and Data Systems’s dividend payout ratio is presently 30.19%.

Institutional Trading of Telephone and Data Systems

A number of hedge funds have recently modified their holdings of TDS. Bessemer Group Inc. raised its holdings in shares of Telephone and Data Systems by 65.6% during the third quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 277 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in shares of Telephone and Data Systems by 51.3% during the fourth quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 231 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Telephone and Data Systems by 121.3% during the third quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock worth $31,000 after acquiring an additional 455 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Telephone and Data Systems during the third quarter worth $33,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Telephone and Data Systems by 2,779.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,123 shares of the Wireless communications provider’s stock worth $46,000 after acquiring an additional 1,084 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Company Profile

(Get Free Report)

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.