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Why Telephone and Data Systems (TDS) Could Be Positioned for a Surge
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Telephone and Data Systems, Inc. (TDS - Free Report) is a diversified telecommunications corporation that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on TDS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Telephone and Data Systems could be a solid choice for investors.
Current Quarter Estimates for TDS
In the past 30 days, one estimate has gone higher for Telephone and Data Systems while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from one penny a share 30 days ago, to 5 cents today, a significant move.
Current Year Estimates for TDS
Meanwhile, Telephone and Data Systems’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 13 cents per share 30 days ago to 30 cents per share today, a significant increase.
Telephone and Data Systems, Inc. Price and Consensus
The stock has also started to move higher lately, adding 6.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can seethe complete list of today’s Zacks #1 Rank stocks here.
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Why Telephone and Data Systems (TDS) Could Be Positioned for a Surge
Telephone and Data Systems, Inc. (TDS - Free Report) is a diversified telecommunications corporation that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on TDS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Telephone and Data Systems could be a solid choice for investors.
Current Quarter Estimates for TDS
In the past 30 days, one estimate has gone higher for Telephone and Data Systems while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from one penny a share 30 days ago, to 5 cents today, a significant move.
Current Year Estimates for TDS
Meanwhile, Telephone and Data Systems’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 13 cents per share 30 days ago to 30 cents per share today, a significant increase.
Telephone and Data Systems, Inc. Price and Consensus
Telephone and Data Systems, Inc. Price and Consensus | Telephone and Data Systems, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 6.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>