Shares of TELUS Co. (NYSE:TU) (TSE:T) have been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $46.80.
Separately, Scotiabank lowered TELUS from an “outperform” rating to a “sector perform” rating in a research report on Wednesday.
A number of large investors have recently added to or reduced their stakes in the business. Hexavest Inc. raised its position in TELUS by 116.5% in the third quarter. Hexavest Inc. now owns 563,532 shares of the Wireless communications provider’s stock valued at $20,756,000 after purchasing an additional 303,227 shares during the period. Nexus Investment Management Inc. raised its position in TELUS by 0.6% in the third quarter. Nexus Investment Management Inc. now owns 637,008 shares of the Wireless communications provider’s stock valued at $23,462,000 after purchasing an additional 3,685 shares during the period. Fox Run Management L.L.C. purchased a new position in TELUS in the third quarter valued at about $298,000. Northwest Bancshares Inc. raised its position in TELUS by 8.9% in the third quarter. Northwest Bancshares Inc. now owns 58,610 shares of the Wireless communications provider’s stock valued at $2,159,000 after purchasing an additional 4,789 shares during the period. Finally, Northern Trust Corp raised its position in TELUS by 99.5% in the second quarter. Northern Trust Corp now owns 523,981 shares of the Wireless communications provider’s stock valued at $18,608,000 after purchasing an additional 261,283 shares during the period. 50.57% of the stock is currently owned by institutional investors.
Shares of TU opened at $33.98 on Wednesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.78 and a current ratio of 0.85. The firm has a market capitalization of $21.96 billion, a P/E ratio of 16.88, a PEG ratio of 2.13 and a beta of 0.80. TELUS has a twelve month low of $33.64 and a twelve month high of $38.50.
TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Friday, August 3rd. The Wireless communications provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.45 billion. TELUS had a return on equity of 17.45% and a net margin of 10.61%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. Equities research analysts expect that TELUS will post 2.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Monday, September 10th were given a $0.404 dividend. This represents a $1.62 annualized dividend and a yield of 4.76%. The ex-dividend date was Friday, September 7th. TELUS’s dividend payout ratio (DPR) is presently 79.31%.
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.
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