Professional
Added to YB: 2026-03-20
Pitch date: 2026-03-18
TDS [bullish]
Telephone and Data Systems, Inc.
+0.33%
current return
Author Info
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Company Info
Telephone and Data Systems, Inc., a telecommunications company, provides communications services to residential, commercial, and wholesale customers in the United States.
Market Cap
$4.9B
Pitch Price
$41.89
Price Target
91.00 (+117%)
Dividend
0.37%
EV/EBITDA
12.98
P/E
110.27
EV/Sales
5.73
Sector
Wireless Telecommunication Services
Category
special_situation
Telephone and Data Systems, Inc. - $TDS
TDS (holding update): Maintaining long position after strong Q1 & 2026 outlook confirmed improving fiber execution + stabilizing tower segment. Next catalysts: C-Band spectrum monetization (~$1.58B book value) by late 2026/early 2027, then buy-in of Array minority stake, followed by tower REIT spin + potential FiberCo REIT. Raising PT to $91 (from $68) on REIT multiple expansion: towers to 22-25x EBITDA (from 18x) adds ~$8/share; fiber to 15x EBITDA adds ~$15/share. +23/share incremental upside.
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