U.S. markets close in 2 hours 33 minutes
  • S&P 500

    4,163.00
    -0.29 (-0.01%)
     
  • Dow 30

    34,288.21
    -39.58 (-0.12%)
     
  • Nasdaq

    13,456.56
    +77.51 (+0.58%)
     
  • Russell 2000

    2,237.69
    +10.57 (+0.47%)
     
  • Crude Oil

    65.19
    -1.08 (-1.63%)
     
  • Gold

    1,867.90
    +0.30 (+0.02%)
     
  • Silver

    28.32
    +0.04 (+0.15%)
     
  • EUR/USD

    1.2220
    +0.0064 (+0.53%)
     
  • 10-Yr Bond

    1.6470
    +0.0070 (+0.43%)
     
  • GBP/USD

    1.4193
    +0.0056 (+0.39%)
     
  • USD/JPY

    108.9370
    -0.2630 (-0.24%)
     
  • BTC-USD

    43,782.46
    +1,547.49 (+3.66%)
     
  • CMC Crypto 200

    1,223.59
    -29.55 (-2.36%)
     
  • FTSE 100

    7,034.24
    +1.39 (+0.02%)
     
  • Nikkei 225

    28,406.84
    +582.01 (+2.09%)
     

How Telephone and Data Systems (TDS) Stock Stands Out in a Strong Industry?

  • Oops!
    Something went wrong.
    Please try again later.
Zacks Equity Research
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

One stock that might be an intriguing choice for investors right now is Telephone and Data Systems, Inc. TDS. This is because this security in the Wireline - National space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Wireline - National space as it currently has a Zacks Industry Rank of 1 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Telephone and Data Systems is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past two months, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Telephone and Data Systems, Inc. Price and Consensus

Telephone and Data Systems, Inc. Price and Consensus
Telephone and Data Systems, Inc. Price and Consensus

Telephone and Data Systems, Inc. price-consensus-chart | Telephone and Data Systems, Inc. Quote

In fact, over the past two months, current quarter estimates have risen from 24 cents per share to 36 cents per share, while current year estimates have risen from 98 cents per share to $1.49 per share. This has helped TDS to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Telephone and Data Systems. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Telephone and Data Systems, Inc. (TDS) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research