JPMorgan lowered the firm’s price target on Telephone and Data (TDS) to $53 from $56 and keeps an Overweight rating on the shares. The firm updated the company’s model post the Q1 report. It reduced estimates for Telephone and Data to reflect lower broadband net adds, divestitures, as well as ongoing video, landline voice, and commercial revenue pressures.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TDS:
- Telephone & Data Systems Elects Directors at Shareholder Meeting
- Third Point takes new stakes in Kenvue and Nvidia, exits Meta and Tesla
- Telephone and Data price target lowered to $47 from $51 at Raymond James
- TDS Reports Q1 2025 Financial Results Amid Strategic Shifts
- TDS Earnings Call: Mixed Outlook Amid Strategic Moves