3 stories mentioning TDSUpdated 51d ago
Every FINWIRES story that references TDS, newest first.
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%
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.
