|Over a month ago|
Telephone and Data price target raised to $29 from $27 at Citi » 06:1405/1405/14/21
Citi analyst Michael…
Citi analyst Michael Rollins raised the firm's price target on Telephone and Data to $29 from $27 and keeps a Buy rating on the shares. The analyst sees prospects to improve financial performance of the company's wireless and fiber-centric assets and notes the stock trades at meaningful valuation discounts to its competitors.
Telephone and Data price target raised to $27 from $22 at JPMorgan » 07:2305/1205/12/21
JPMorgan analyst Philip…
JPMorgan analyst Philip Cusick raised the firm's price target on Telephone and Data Systems to $27 from $22 and keeps a Neutral rating on the shares post the Q1 results.
CORRECTION: Telephone and Data reports Q1 EPS 48c, consensus 36c » 16:3305/0605/06/21
Reports Q1 revenue $1.32B…
Reports Q1 revenue $1.32B vs. $1.26B a year ago. "The TDS Family of Businesses made a strong start to 2021 and are well-positioned to achieve their strategic priorities," said CEO LeRoy Carlson, Jr. "UScellular and TDS Telecom produced impressive financial results and continued to provide essential communications, including high-quality data, video and voice services to our customers and communities. We are implementing our financing strategies to maintain a strong, yet flexible, financial foundation to fund our attractive investment opportunities, while also working to lower the cost of our balance sheet. TDS Telecom achieved excellent growth in residential customer connections and strong financial performance, driven by higher operating revenue in Q1. With the acceleration of its broadband strategy, 500,000 total customers are now taking broadband services, and more than half of all our customers now have 1Gig service available to them. This year, TDS Telecom has plans to double the number of service addresses that it built fiber to last year, building on the success of the program to-date."
|Over a quarter ago|
Deutsche Bank to hold a virtual conference » 09:5503/0903/09/21
ADT, TDS, UBER, WOW, CCI, FOX, DASH, RXT, SBAC, SBGI, CONE, MAXR, SIRI
Media, Internet and…
Media, Internet and Telecom Virtual Conference will be held on March 8-10.Webcast Link
Dish could pursue deal for TDS or U.S. Cellular for rural coverage, says Citi » 11:5303/0803/08/21
DISH, TDS, USM
After Dish Network (DISH)…
After Dish Network (DISH) announced its plans to acquire Republic Wireless, an MVNO service operating on the T-Mobile (TMUS) network, Citi analyst Michael Rollins said the strategy to consolidate MVNOs around its favorable wholesale deal "makes sense." He believes Dish could pursue an acquisition of Telephone and Data (TDS) or U.S. Cellular (USM) if it wants "immediate rural coverage" along with significant revenue and subscriber scale, said Rollins, who keeps Buy ratings on both TDS and U.S. Cellular and on Dish shares.
Telephone and Data downgraded to Neutral from Overweight at JPMorgan » 06:1202/2202/22/21
JPMorgan analyst Philip…
JPMorgan analyst Philip Cusick downgraded Telephone and Data to Neutral from Overweight with a price target of $22, down from $30. With a disappointing guide for 2021, higher spending at both U.S. Cellular and Telephone and Data Systems, and reported C-Band spend of $1.46B, double an initial estimate of $750M, it is "difficult to get excited about the shares," Cusick tells investors in a research note. The analyst is downgrading the stock despite an attractive sum-of-the-parts saying a "catalyst path looks unlikely."
Telephone and Data sees 2021 revenue $975M-$1.03B, consensus $5.38B » 16:1902/1802/18/21
Sees 2021 adjusted EBITDA…
Sees 2021 adjusted EBITDA $230M-$320M from $317M in 2020. Sees 2021 CapEx $425M-$475M from $368M in 2020.
Telephone and Data reports Q4 EPS 12c, consensus 0c » 16:1502/1802/18/21
Reports Q4 revenue…
Reports Q4 revenue $1.38B, consensus $1.36B. "The TDS Family of Businesses successfully overcame the challenges of 2020, finishing the year with excellent communications services, strong financial performance and heightened awareness of the essential services that TDS and our industry provides," said CEO LeRoy Carlson, Jr.. "UScellular kept churn low throughout the year, acquired new retail connections, maintained strong cost discipline and produced fine financial results. Under the leadership of our new CEO, Laurent Therivel, UScellular is in a strong position to focus on growth in 2021. TDS Telecom accomplished a transformational year as execution of its broadband-focused strategy enabled it to respond to the seismic shift to remote working and learning, highlighting the importance of high-speed broadband in the home. (...) TDS Telecom achieved excellent growth in residential customer connections and strong financial performance in 2020, reflecting the successful execution of its broadband strategy, bolstered by increased consumer demand for broadband services caused by the large shift to remote work and learning."
Telephone and Data reports Q3 EPS 66c, consensus 21c » 17:2911/0511/05/20
Reports Q3 revenue…
Reports Q3 revenue $1.32B, consensus $1.3B. "The TDS Enterprise had a strong quarter," said CEO LeRoy Carlson, Jr. "Impressive financial results produced by UScellular and TDS Telecom demonstrate how much our customers value our essential communications and high-quality data services. Both businesses have lifted their expectations for 2020 financial performance. Our associates continue to show exceptional dedication and resilience in keeping our operations and networks performing at top levels for our customers. At UScellular, churn remained very low and retail net additions grew through an increase in connected devices. The positive impact of higher ARPU, combined with operational and cost discipline throughout the quarter, helped drive a strong increase in profitability, compared to the same period a year ago. LT Therivel has successfully transitioned into his new role as CEO. During the quarter UScellular successfully completed a 5G millimeter wave test data session showing significant expansion of signal reach and speed. This is important in enabling UScellular to move faster and more cost-efficiently in its 5G evolution and it will also leverage this technology to better serve its customers and help close the digital divide. UScellular has launched a new logo and brand identity with a modern look - a visual signal of how they are working to expand their brand appeal."
Telephone and Data price target raised to $28 from $24 at Citi » 06:2708/3108/31/20
Citi analyst Michael…
Citi analyst Michael Rollins raised the firm's price target on Telephone and Data Systems to $28 from $24 and keeps a Buy rating on the shares. The analyst updated his model to reflect a better Q2 of wireless sales activity, better wireless EBITDA, and "generally solid performance" for the TDS Telecom operations.