Telephone and Data Systems (TDS) : Analyst Rating Update

Telephone and Data Systems (TDS) : Zacks Investment Research ranks Telephone and Data Systems (TDS) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 1.8, which indicates as a Buy.

Telephone and Data Systems (TDS) : The most positive equity analysts on Telephone and Data Systems (TDS) expects the shares to touch $44, whereas, the least positive believes that the stock will trade at $34 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $38.67 with an expected fluctuation of $5.03 from the mean.

Telephone and Data Systems (NYSE:TDS): The stock opened at $29.28 on Wednesday but the bulls could not build on the opening and the stock topped out at $29.33 for the day. The stock traded down to $28.94 during the day, due to lack of any buying support eventually closed down at $29.23 with a loss of -0.24% for the day. The stock had closed at $29.30 on the previous day. The total traded volume was 1,034,268 shares.

The company shares have rallied 3.02% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $30.70 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $28.32 and the 200 Day Moving Average price is recorded at $27.04.

Telephone and Data Systems, Inc. (TDS) is a diversified telecommunications company. The Company is engaged in providing telecommunications services. TDS conducts its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular). TDS provides Wireline services, cable services and hosted and managed services, through its wholly-owned subsidiary, TDS Telecommunications Corporation. U.S. Cellular offers a range of Wireless devices, such as handsets, modems, mobile hotspots, home phone and tablets for use by its customers. TDS Telecom operates in three segments: Wireline, which provides retail telecommunications services to residential and commercial customers; Cable, which provides colocation and managed services, and Hosted and Managed Services, which offers a suite of information technology (IT) solutions including cloud and hosting solutions, managed services, enterprise resource planning application management, professional services and IT hardware.

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