TDS Stock Recent News
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Telephone & Data Systems (TDS) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.38 per share a year ago.
Telephone and Data Systems' (TDS) top line is impeded by declining revenues from the U.S. Cellular vertical. However, growth in TDS Telecom partially reverses this declining trend.
As a wholly owned subsidiary of TDS, OneNeck IT Solutions is poised to leverage the partnership with Megaport to strengthen its position as a leading provider of multi-cloud solutions and managed services.
CHICAGO , Feb. 9, 2024 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) and United States Cellular Corporation (NYSE: USM) will be webcasting their fourth quarter operating results conference call on February 16, 2024, at 9:00 a.m. central time.
Telephone and Data Systems, Inc. is a telecommunications service company based in Chicago, providing wireless products and services. While the business growth has slowed down in the last 15 years, there are no signs of deteriorating operating performance. Regardless, investors may want to consider the preferreds as opposed to the commons.
In light of recent developments from the Federal Reserve, with Chair Jerome Powell's apparent reluctance to cut interest rates in the upcoming March meeting, the telecom sector faces growing uncertainty. The shift in analyst expectations now anticipates only a 34% chance of rate cuts, contrasting sharply with the previous 73% forecast.
Telephone and Data Systems preferred stock has outperformed the S&P 500 with a total return of 38% in about seven months and still offers a high dividend yield. The decrease in inflation and the outlook for interest rate reductions until 2026 provide a strong catalyst for preferred stocks like Telephone and Data Systems. The company's high debt load and weak business momentum pose risks to the preferred dividend, despite potential sale of the stake in US Cellular.
Preferred shares present a desirable trifecta of high yields, lower risk, and significant capital upside. At these bargain prices, preferred stocks have something for value, income, and growth investors. We discuss two +9% yielding preferreds for your passive income needs.
Despite market optimism surrounding the Fed's potential rate cut, some, like these telecom stocks to sell, have sunk to dangerous levels. One of the industries that got our attention is telecommunications.
Telephone and Data Systems Preferred Shares offer a better combination of yield and upside potential compared to its ordinary shares. The company operates in the telecommunications industry, providing wireless products and services, cable and wireline broadband, TV, and voice services. TDS is considering the potential sale of its stake in UScellular, which has led to a share price rally.