TELUS Corporation (NYSE:TU) Receives $21.50 Average PT from Brokerages

Shares of TELUS Corporation (NYSE:TU) (TSE:T) have received a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $17.75.

Several equities analysts recently weighed in on TU shares. Barclays cut their price target on TELUS from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of TELUS in a research note on Thursday, October 30th.

TELUS Price Performance

NYSE:TU opened at $14.54 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.76 and a quick ratio of 0.81. The company has a 50 day moving average price of $15.32 and a 200-day moving average price of $15.85. TELUS has a 1-year low of $13.24 and a 1-year high of $16.74. The firm has a market cap of $22.31 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 6.18 and a beta of 0.71.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results on Friday, November 7th. The Wireless communications provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.77 billion. TELUS had a net margin of 5.71% and a return on equity of 8.76%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. Equities research analysts forecast that TELUS will post 0.71 EPS for the current year.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be given a dividend of $0.4184 per share. This is a boost from TELUS’s previous quarterly dividend of $0.30. This represents a $1.67 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Thursday, December 11th. TELUS’s dividend payout ratio (DPR) is currently 220.00%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in TELUS by 26.1% in the 2nd quarter. Blue Trust Inc. now owns 3,227 shares of the Wireless communications provider’s stock worth $52,000 after buying an additional 667 shares during the last quarter. Walter Public Investments Inc. boosted its stake in shares of TELUS by 1.9% in the third quarter. Walter Public Investments Inc. now owns 39,334 shares of the Wireless communications provider’s stock worth $619,000 after acquiring an additional 750 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of TELUS by 7.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 11,483 shares of the Wireless communications provider’s stock worth $181,000 after purchasing an additional 755 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of TELUS by 35.0% during the third quarter. Farther Finance Advisors LLC now owns 2,926 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 759 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in TELUS by 1.9% in the 2nd quarter. Cetera Investment Advisers now owns 46,099 shares of the Wireless communications provider’s stock valued at $739,000 after purchasing an additional 841 shares during the last quarter. Institutional investors and hedge funds own 49.40% of the company’s stock.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.