Telephone & Data Systems stock price target raised to $50 at Raymond James

Published 12/08/2025, 11:44
Telephone & Data Systems stock price target raised to $50 at Raymond James

Investing.com - Raymond (NSE:RYMD) James has raised its price target on Telephone & Data Systems (NYSE:TDS) to $50.00 from $49.00 while maintaining an Outperform rating.

The adjustment follows TDS’s second-quarter 2025 results, which included final details on the T-Mobile transaction and dividends, along with lower cash taxes benefiting from recent legislation. While the company faces near-term profitability challenges with a -$1.04 EPS over the last twelve months, its strong liquidity position is evidenced by a healthy current ratio of 1.74.

United States Cellular (NYSE:USM), which has officially changed its name to Array Digital Infrastructure, will begin trading under the ticker symbol AD on Tuesday, August 12, transforming into a standalone U.S. tower company with minority interest and spectrum assets.

Array Digital Infrastructure has declared a $23.00 special dividend per share following the August 1 T-Mobile transaction close, payable August 19, with an additional estimated $18.69 per share in special dividends expected following the pending AT&T (NYSE:T) and Verizon (NYSE:VZ) spectrum sales.

Raymond James notes that TDS’s continued fiber build-out story remains "underappreciated" and offers greater upside potential, though it "requires more patience before potential capital returns."

In other recent news, Telephone and Data Systems Inc . (TDS) announced its Q2 2025 financial results, showing mixed outcomes. The company’s earnings per share (EPS) came in at -$0.05, falling short of the forecasted $0.01, which marked a significant miss. However, TDS exceeded revenue expectations, reporting $1.19 billion compared to the anticipated $1.17 billion. This revenue beat provided some positive news amid the EPS disappointment. The financial results reflect a complex performance scenario for the company, capturing both challenges and achievements. Despite the revenue success, the EPS miss has drawn attention from investors. Analyst notes and other assessments may follow these recent developments, providing further insights into the company’s financial health. Investors are likely to keep a close eye on TDS as more information becomes available.

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