Citigroup has raised its target price by $ 4 on Telephone and Data Systems, Inc. (NYSE:TDS) to $ 28.00 from the previous mark of $ 24.00, suggesting the upside potential of more than 18.74 percent from the existing levels. However, the brokerage has maintained its Buy rating on the stock, Benzinga reported.
Shares of Telephone and Data Systems, Inc. traded low $ -0.36 or -1.53 percent on Monday, reaching $ 23.22 with volume of 192.00 thousand shares. The stock opened positive for the day at $ 23.77, after closing the previous day trading at $ 23.58. According to the previous trading day, closing price of $ 23.58, representing a 67.83 % increase from the 52 week low of $ 14.05 and a 14.07 % decrease over the 52 week high of $ 27.44.
With respect to the key metrics, Telephone and Data Systems, Inc. stock has advanced $ 3.42 or 17.00 percent, reaching $ 19.80 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 1.73 or 8.00 percent, before arriving at $ 21.49 during the SMA50-day period.
Telephone and Data Systems, Inc. recently reported second quarter financial results on August 6, 2020, after market close, the Chicago based company recorded income for the second quarter of $ 0.56 per share, from the revenue of $ 1,263.00 million. The quarterly earnings escalated 100.00 percent while revenues escalated 0.16 percent compared with the same quarter last year.
Wall street analysts are predicting, TDS to report 2Q20 income of $ 0.22 per share from revenue of $ 1184.39 million. The bottom line results beat street analysts by $ 0.34 or 154.55 percent, at the same time, top line results outshined analysts by $ 78.61 million or 6.64 percent.
Moving forward, analysts surveyed by Thomson Reuters are expecting company_name to report third quarter income of $ 0.26 per share from revenue of $ 1298.01 million. For the full year, analysts anticipate top line of $ 5230.24 million, while looking forward to income of $ 1.46 per share bottom line.
Telephone and Data Systems, Inc., a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable.
