An analyst sees good growth prospects for Telephone And Data Systems, Inc. (TDS)

With 1.14 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.98 million shares. The 52-week range on TDS shows that it touched its highest point at $21.75 and its lowest point at $6.43 during that stretch. It currently has a 1-year price target of $26.67. With its current market cap of 1.81 billion, TDS has annualized dividend of $0.74 while the current yield stands at 4.65%. Beta for the stock currently stands at 0.83.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TDS was down-trending over the past week, with a drop of -0.19%, but this was up by 7.30% over a month. Three-month performance dropped to -11.64% while six-month performance fell -10.20%. The stock gained 62.15% in the past year, while it has lost -12.70% so far this year. A look at the trailing 12-month EPS for TDS yields -5.04 with Next year EPS estimates of -0.47. For the next quarter, that number is -0.05. This implies an EPS growth rate of 86.13% for this year and 32.34% for next year.

Float and Shares Shorts:

At present, 106.00 million TDS shares are outstanding with a float of 98.60 million shares on hand for trading. On Mar 15, 2024, short shares totaled 2.62 million, which was 2.32% higher than short shares on Feb 15, 2024. In addition to TDV as the firm’s TDV, TDSC serves as its TDSC.

Institutional Ownership:

Through their ownership of 87.13% of TDS’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TDS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.