Telephone And Data Systems, Inc (NYSE:TDS) shares, rose in value on Friday, March 07, with the stock price up by 2.19% to the previous day’s close as strong demand from buyers drove the stock to $35.40.
Actively observing the price movement in the last trading, the stock closed the session at $34.64. Referring to stock’s 52-week performance, its high was $41.21, and the low was $14.04. On the whole, TDS has fluctuated by -3.01% over the past month.
With the market capitalization of Telephone And Data Systems, Inc currently standing at about $3.79 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.31, with its dividend yield at 0.88%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.76B, with a low estimate of 1.18B and a high estimate of 1.18B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.18B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TDS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of TDS currently trading nearly -4.37% and -0.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.93, while the 7-day volatility ratio is showing 3.75% which for the 30-day chart, stands at 3.72%. Furthermore, Telephone And Data Systems, Inc (TDS)’s beta value is 0.69, and its average true range (ATR) is 1.31.
A comparison of Telephone And Data Systems, Inc (TDS) with its peers suggests the former has fared considerably weaker in the market. TDS showed an intraday change of 2.19% in last session, and over the past year, it grew by 132.59%%.
Data on historical trading for Telephone And Data Systems, Inc (NYSE:TDS) indicates that the trading volumes over the past 3 months, they’ve averaged 902.62K. According to company’s latest data on outstanding shares, there are 107.00 million shares outstanding.
Nearly 13.38% of Telephone And Data Systems, Inc’s shares belong to company insiders and institutional investors own 85.20% of the company’s shares. The stock has risen by 3.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TDS stock heading into the next quarter.
