TDS Stock Recent News

Telephone and Data Systems, Inc. (NYSE:TDS ) Q3 2023 Earnings Conference Call November 3, 2023 10:00 AM ET Company Participants Colleen Thompson - VP, Corporate Relations Vicki Villacrez - SVP, Finance & CFO, TDS Telecommunications Corporation Laurent Therivel - President, CEO & Director Douglas Chambers - EVP, CFO and Treasurer Michelle Brukwicki - CFO, TDS Telecommunications LLC Conference Call Participants Richard Prentiss - Raymond James & Associates Philip Cusick - JPMorgan Chase & Co. Simon Flannery - Morgan Stanley Michael Rollins - Citigroup Sergey Dluzhevskiy - Gabelli Funds Operator Good morning, ladies and gentlemen and welcome to the TDS and UScellular's Third Quarter 2023 Operating Results Conference Call. At this time all participants are in a listen-only mode.

Telephone and Data Systems may be planning to divest its stake in UScellular, causing TDS shares to soar by 93%. TDS has been experiencing declining financial performance, indicating the need for a strategic change. The potential sale of TDS's USM stake could significantly reduce TDS's long-term debt and bolster its cash reserves. Thus, I rate TDS a "buy" with a $26.10 price target.

CHICAGO , Oct. 20, 2023 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) and United States Cellular Corporation (NYSE: USM) will be webcasting their third quarter operating results conference call on November 3, 2023, at 9:00 a.m. central time.

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Telephone and Data Systems (TDS) reports lower revenues year over year in the second quarter of 2023 due to weak demand trends in the U.S. Cellular vertical.

Telephone and Data Systems, Inc. (NYSE:TDS ) Q2 2023 Earnings Conference Call August 4, 2023 10:00 AM ET Company Participants Colleen Thompson - VP, Corporate Relations Vicki Villacrez - SVP, Finance & CFO, TDS Telecommunications Corporation Laurent Therivel - President, CEO & Director Eric Jagher - SVP & CMO Austin Summerford - Chief, Strategy Partnerships and Towers Douglas Chambers - EVP, CFO, Treasurer & Director Michelle Brukwicki - CFO, TDS Telecommunications LLC Michael Irizarry - EVP, CTO, Head, Engineering & Information Technology, United States Cellular Corporation Conference Call Participants Richard Prentiss - Raymond James & Associates Simon Flannery - Morgan Stanley Michael Rollins - Citigroup Sergey Dluzhevskiy - GAMCO Investors Philip Cusick - JPMorgan Chase & Co. Operator Good morning. My name is David, and I'll be your conference operator today.

The stock of U.S. Cellular Corp. USM, +90.67% rocketed 91% on Friday, after the boards of the company and its parent Telephone and Data Systems TDS, +80.76% said they're reviewing strategic options for the company. TDS' stock soared 81%.

Telephone & Data Systems (TDS) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.15 per share a year ago.

CHICAGO , July 31, 2023 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) and United States Cellular Corporation (NYSE: USM) will be webcasting their second quarter operating results conference call on August 4, 2023, at 9:00 a.m. central time.

Telephone and Data Systems offers a potential 40% upside but faces headwinds in returning to profitability. TDS has a history of consistent revenue growth and a solid asset base but struggles with unprofitability, rising debt, and unsustainable dividends. A dividend cut, debt management, and a reduction in CAPEX is needed to return to profitability. Management has a plan, but may be relying on positive economic tailwinds too heavily.