$TDS

Update: Telephone and Data Systems Shares Rise After Withdrawing Buyout Proposal for Array Digital Infrastructure

(Updates with the company's stock move in the headline and in the first paragraph.)Telephone and Data Systems (TDS) shares were up 5.6% in Wednesday trading after the company said it withdrew its proposal to acquire the remaining shares of Array Digital Infrastructure (AD) that it does not currently own.The company will maintain its roughly 82% stake in Array Digital, it said late Tuesday.Both entities plan to improve efforts to monetize the remaining wireless spectrum holdings, and Telephone and Data Systems expects to resume buying back its own stock under an existing program with $523.9 million in remaining funds, the company added.Price: $35.54, Change: $+1.92, Percent Change: +5.71%

Telephone and Data Systems Shares Fall After Raymond James Downgrade

Telephone and Data Systems (TDS) shares fell 6% in Monday trading after Raymond James downgraded the stock to market perform from outperform.Trading volume stood at over 1.3 million shares compared with a daily average of 874,010.Price: $43.74, Change: $-2.73, Percent Change: -5.87%

Raymond James Downgrades Telephone and Data Systems to Market Perform From Outperform

Research Alert: Tds Swings To A Profit Following Spectrum Sales

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:TDS delivered exceptional Q1 2026 results with diluted EPS of $1.11 vs. a $0.20 loss, primarily driven by a $150.9M book gain from Array's $1.018B spectrum sale to AT&T in January. Total operating revenues increased 7% to $309.5M, reflecting strong infrastructure asset monetization. The transformational spectrum sale and operational momentum support the company's evolution into a focused fiber and tower operator. Both segments reaffirmed unchanged 2026 guidance, with TDS Telecom targeting $1,015M-$1,055M in revenues and Array projecting $200M-$215M. Array's site rental revenues surged 92% to $51.0M with healthy tower tenancy of 0.96, while TDS Telecom added 10,900 residential fiber net connections and 40,000 marketable fiber addresses, reaching 1.1M total. Cash increased to $1.37B from $766M, providing substantial strategic flexibility. We believe TDS is well-positioned with its fiber expansion target of 200k-250k new addresses in 2026 and increased long-term goal to 2.1M addresses.