TDS

Telephone and Data Systems, Inc.
NYSEUSDEQUITY Communication Services DELAYED
Last price
35.35
▲ 0.20 (0.57%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
34.95
Prev close
35.15
Day high
35.69
Day low
34.99
Volume
1.64M
Market cap
$4.07B
P/E (TTM)
8.79
52W range
31.51 – 49.12

Day trading desk

Current session · delayed
Gap from prior close
-0.57%
Prior close 35.15
VWAP
35.45
-0.30% from price
Relative volume
1.65×
Unusually busy
Session range
2.12%
34.95 – 35.69
Position in range
54%
Mid range
ATR (14D)
0.99
2.79% of price
Prior day high
35.51
PDH
Prior day low
34.86
PDL
Bid / ask spread
—
Quote not published
Session volume
2.15M
Avg 1.30M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+4.22% +2.3%
1M
-6.80% -8.3%
3M
+1.84% -1.5%
6M
-22.70% -37.7%
YTD
-13.78% -27.8%
1Y
-9.36% -25.1%
3Y
+104.22% +22.3%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on TDS open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
+1.70M
Net buying
Buy transactions
25
1.78M shares
Sell transactions
1
77.10K shares
Net transactions
+26
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
9.62M
Total on file
Bought 1.78MSold 77.10K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 11, 26
CARLSON LEROY T JR
Officer and Director
SELL 77.10K $2.96M Direct
Sep 11, 26
CARLSON LEROY T JR
Officer and Director
CONVERSION 77.10K $1.48M Direct
Sep 3, 26
CARLSON LEROY T JR
Officer and Director
STOCK 458.53K $0
Jun 11, 26
CARLSON LEROY T JR
Officer and Director
CONVERSION 45.13K $1.81M Direct
Jun 11, 26
KROLL ANITA J.
Officer
CONVERSION 2.72K $108.72K Direct
Jun 11, 26
VILLACREZ VICKI L.
Chief Financial Officer
CONVERSION 10.17K $407.11K Direct
Jun 9, 26
DIXON KENNETH S
Officer and Director
CONVERSION 4.65K $183.00K Direct
May 21, 26
CARLSON LETITIA G.C M.D.
Director
STOCK 2.90K $119.69K Direct
May 21, 26
CARLSON WALTER C D
Chief Executive Officer
STOCK 11.90K $490.49K Direct
May 21, 26
OFF GEORGE W
Director
STOCK 2.90K $119.69K Direct
May 21, 26
CARLSON PRUDENCE E
Director
STOCK 2.90K $119.69K Direct
May 21, 26
OOSTERMAN WADE
Director
STOCK 2.90K $119.69K Direct
May 21, 26
DIXON KIMBERLY D.
Director
STOCK 2.90K $119.69K Direct
May 21, 26
RUTLEDGE NAPOLEON B JR
Director
STOCK 2.90K $119.69K Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
BUTMAN JAMES W.
Officer and Director 291.10K Conversion of Exercise of derivative security
CARLSON LEROY T JR
Officer and Director 3.39M Sale
CARLSON LETITIA G.C M.D.
Director 2.12M Stock Award(Grant)
CARLSON PRUDENCE E
Director 1.94M Stock Award(Grant)
CARLSON WALTER C D
Chief Executive Officer 2.32M Stock Award(Grant)
DIXON KIMBERLY D.
Director 45.70K Stock Award(Grant)
HANLEY JOSEPH R.
Officer 113.96K Conversion of Exercise of derivative security
OFF GEORGE W
Director 78.81K Stock Award(Grant)
OLEARY CHRISTOPHER D
Director 48.09K Stock Award(Grant)
VILLACREZ VICKI L.
Chief Financial Officer 72.42K Conversion of Exercise of derivative security

Fundamentals

TTM · reported
Market cap$4.07B
Enterprise value$4.43B
Revenue (TTM)$1.26B
Gross profit$746.62M
EBITDA$322.39M
Net income$467.42M
EPS (TTM)$4.02
Free cash flow$599.45M
Total cash$2.19B
Total debt$1.25B
Book value / share$35.59
Shares outstanding107.57M
Float89.88M
Short % of float8.19%
Dividend yield0.45%
Beta (5Y)0.32

Valuation & profitability ratios

Account required
Trailing P/E8.79
Forward P/E—
PEG ratio7.79
Price / sales—
Price / book0.99
EV / revenue3.52
EV / EBITDA13.74
Gross margin59.35%
Operating margin-6.56%
Profit margin33.20%
Return on equity11.78%
Return on assets-0.19%
Debt / equity23.12
Current ratio3.82
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $1.23B$1.30B$1.36B$5.41B -5.3%
Operating revenue $1.23B$1.30B$1.36B$5.41B -5.3%
Cost of revenue $503.26M$590.26M$688.72M$2.56B -14.7%
Gross profit $724.95M$706.72M$666.39M$2.85B +2.6%
Selling, general & admin $435.06M$486.70M$488.84M$1.77B -10.6%
Total operating expense $786.95M$812.39M$798.91M$2.70B -3.1%
Operating income -$62.00M-$105.67M-$132.52M$151.00M +41.3%
Net interest income -$72.36M-$81.37M-$42.16M-$157.00M +11.1%
Pre-tax income $88.96M-$103.39M-$563.48M$125.00M +186.0%
Tax provision -$62.18M-$22.07M-$15.80M$53.00M -181.8%
Net income -$6.24M-$27.70M-$500.01M$62.00M +77.5%
Net income to common -$75.46M-$96.93M-$569.23M-$7.00M +22.1%
Basic EPS -0.66-0.85-5.05-0.07 +22.4%
Diluted EPS -0.66-0.85-5.05-0.07 +22.4%
EBIT $201.63M$5.19M-$501.30M$299.00M +3,787.2%
EBITDA $553.51M$330.88M-$191.23M$1.23B +67.3%
Basic shares 115.18M114.00M112.75M114.00M +1.0%
Diluted shares 118.56M114.00M112.75M114.00M +4.0%

Options analytics

Account required
Put / call volume
0.15
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
30.00
-15.1% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
26
Contracts, this expiry
Put volume
4
Contracts, this expiry
Heaviest call OI
30.00
0 contracts
Heaviest put OI
30.00
0 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.122.42 +1,885.1%
Mar 2026 -0.871.09 +225.3%
Dec 2025 0.090.33 +269.5%
Sep 2025 -0.02-0.85 -4,150.0%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 0.11 3 $309.25M +0.2%
Next quarter 0.12 3 $313.33M -5.3%
Current year 3.70 3 $1.24B +1.1%
Next year 0.22 3 $1.25B +1.0%

Analyst targets & ownership

Account required
Mean target$47.50
High target$48.00
Low target$47.00
Implied upside34.37%
Analyst count2
ConsensusNONE
Strong buy / Buy1 / 1
Hold1
Sell / Strong sell0 / 0
Held by insiders8.35%
Held by institutions101.17%
Institutions holding456
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
35.12
+0.65% from price
SMA 20
36.03
-1.88% from price
SMA 50
35.20
+0.43% from price
SMA 100
36.38
-2.84% from price
SMA 200
40.17
-12.00% from price
EMA 12
35.38
-0.10% from price
EMA 26
35.56
-0.59% from price
EMA 50
35.73
-1.07% from price
RSI (14)
48.2
Neutral
MACD (12,26,9)
-0.18
Hist -0.15
ATR (14)
0.99
2.79% of price
Realised vol 30D
32.3%
Annualised
Bollinger upper
38.27
20, 2σ
Bollinger lower
33.78
20, 2σ
50 / 200 cross
Death
35.20 vs 40.17
Trend bias
Below 200
-12.00%

Options chain

Account required
Expiry
Spot 35.35
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.57
Less volatile than market
Correlation to SPY
0.26
Largely independent
Realised vol 30D
32.3%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-30.7%
Peak to trough
Max drawdown 5Y
-68.4%
Peak to trough
ATR 14
0.99
2.79% of price
Beta (reported)
0.32
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
5.98M
Prior 5.95M
Change vs prior
+0.5%
Shorts adding
% of float
8.19%
Normal
% of shares out
5.20%
Against total outstanding
Days to cover
5.1
Crowded exit
Float
89.88M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

59 on file
DateFirm ActionFromTo
Aug 19, 26 JP Morgan MAINTAINED Overweight Overweight
Aug 13, 26 Citigroup MAINTAINED Buy Buy
May 11, 26 Raymond James DOWNGRADE Outperform Market Perform
Feb 23, 26 Citigroup MAINTAINED Buy Buy
Jan 7, 26 Citigroup MAINTAINED Buy Buy
Aug 12, 25 JP Morgan MAINTAINED Overweight Overweight
Aug 12, 25 Raymond James MAINTAINED Outperform Outperform
Jul 25, 25 Raymond James MAINTAINED Outperform Outperform
May 28, 25 JP Morgan MAINTAINED Overweight Overweight
May 5, 25 Raymond James MAINTAINED Outperform Outperform
Feb 24, 25 JP Morgan MAINTAINED Overweight Overweight
Nov 7, 24 Raymond James UPGRADE Market Perform Outperform

Dividends & splits

Declared · from the issuer
Forward rate$0.16 / yr
Forward yield0.45%
5-year avg yield1.02%
Payout ratio4.00%
Ex-dividend dateSep 15, 2026
Next pay dateSep 30, 2026
Last split1087:1000
Split dateJan 25, 2012

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.