This is What Makes Telephone And Data Systems, Inc Stocks A Gamechanger?

Currently, Telephone And Data Systems, Inc [TDS] is trading at $32.54, up 14.18%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TDS shares have gain 9.90% over the last week, with a monthly amount glided 41.05%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Telephone And Data Systems, Inc [NYSE: TDS] stock has seen the most recent analyst activity on August 08, 2023, when JP Morgan upgraded its rating to a Overweight but kept the price target unchanged to $38 for it. Previously, Citigroup upgraded its rating to Buy on August 04, 2023. On July 17, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $8 on the stock. JP Morgan upgraded its rating to a Neutral and decreased its price target to $14 on November 08, 2022. Raymond James downgraded its rating to a Mkt Perform. Morgan Stanley downgraded its rating to Equal-Weight for this stock on April 19, 2022, but kept the price target unchanged to $22. In a note dated August 02, 2021, JP Morgan downgraded an Underweight rating on this stock but restated the target price of $23.

This stock has fluctuated between a low of $13.69 and a high of $30.44 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Telephone And Data Systems, Inc [NYSE: TDS] shares were valued at $32.54 at the most recent close of the market. An investor can expect a potential drop of -50.83% based on the average TDS price forecast.

Analyzing the TDS fundamentals

Trailing Twelve Months sales for Telephone And Data Systems, Inc [NYSE:TDS] were 5.04B which represents -4.23% decline. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.58, Equity is -0.11 and Total Capital is 3.47. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.01.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.13 points at the first support level, and at 27.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.97, and for the 2nd resistance point, it is at 35.39.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Telephone And Data Systems, Inc [NYSE:TDS] is 1.59. As well, the Quick Ratio is 1.44, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 0.92.

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