Telephone and Data Systems downgraded to hold by Zacks Research

Telephone and Data Systems (TDS) has been downgraded from a ‘strong-buy’ to a ‘hold’ rating by Zacks Research. This follows a series of recent analyst adjustments for the company.

Other recent rating changes include Weiss Ratings raising the stock from ‘hold (c-)’ to ‘hold (c+)’, and Wall Street Zen upgrading it from ‘sell’ to ‘hold’. Conversely, Citigroup and JPMorgan Chase & Co. have adjusted their price targets, with Citigroup maintaining a ‘buy’ rating while reducing its target to $47.00, and JPMorgan decreasing its objective to $48.00 with an ‘overweight’ rating.

The company currently holds a consensus rating of ‘Hold’ with an average price target of $47.50. TDS reported its most recent quarterly earnings on August 7th.