JPMorgan Chase Cuts TDS Price Target to $48.00 Amid Cautious Outlook

Analysts at JPMorgan Chase & Co. cut their price target for Telephone and Data Systems (NYSE:TDS) from $51.00 to $48.00, citing a potential upside of 37.77% from the current stock price. This move reflects a cautious outlook on the company's prospects.

The analysts maintain an 'overweight' rating on TDS, signaling their belief in its growth potential despite the reduced price target. Other firms have also revised their estimates for the company, with Citigroup cutting its target from $50.00 to $47.00 and Weiss Ratings upgrading it from a 'hold (c-)' to a 'hold (c+)' rating.

TDS has experienced a trading volume of 336,774 shares on Wednesday, hitting a price of $34.84. The company's market capitalization stands at $4.01 billion, with a debt-to-equity ratio of 0.15 and a beta of 0.32.