Telephone and Data Systems Inc (NYSE: TDS) stock suffered a major decline of -11.3% on 5/29/24. The shares closed at $16.92. Moreover, this decline was accompanied by exceptionally high trading volume at 228% of normal. The stock has been weak relative to the market over the last nine months and has declined -14.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TDS is expected to continue to be a modest Value Builder.
Telephone and Data Systems has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Telephone and Data Systems has a very high Appreciation Score of 90 but a slightly negative Power Rating of 34, triggering the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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