Aug. 17 at 2:23 PM
$TDS — HOLD 🟡
Cash generation is the cleanest bull case: levered free cash flow is
$599.5M TTM, with 14.8% of market cap and 47.7% of revenue.
Profitability is still uneven, with operating margin at -6.6% TTM even as net margin sits at 33.2% and EBITDA margin is 25.6%.
Valuation is not cheap at 13.7x EV/EBITDA and 3.5x EV/Revenue, while the balance sheet shows
$2.2B cash against
$1.2B debt and a 3.8x current ratio.
The fiber buildout remains the strategic asset, but with only 2 analysts covering the name and revenue around
$309.3M in Q2 2026, the setup looks more like steady execution than a clear re-rate.
Full research: https://lf0.com/research/telephone-and-data-systems-stock-analysis-tds/?utm_source=stocktwits&utm_medium=social&utm_campaign=research_distribution
