TELUS Corporation (NYSE:TU) Receives Average Recommendation of “Moderate Buy” from Analysts

TELUS Corporation (NYSE:TU) (TSE:T) has received an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $17.6250.

TU has been the subject of several research reports. National Bank Financial restated an “outperform” rating on shares of TELUS in a research note on Thursday, December 4th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $19.00 price objective (down from $22.00) on shares of TELUS in a research note on Tuesday, November 18th. TD Securities reissued a “buy” rating on shares of TELUS in a report on Friday, February 13th. Canaccord Genuity Group upgraded shares of TELUS from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. Finally, BMO Capital Markets lowered shares of TELUS from an “outperform” rating to a “market perform” rating in a report on Thursday, December 11th.

Institutional Trading of TELUS

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tobam raised its position in TELUS by 28.0% during the fourth quarter. Tobam now owns 144,573 shares of the Wireless communications provider’s stock valued at $1,904,000 after acquiring an additional 31,625 shares in the last quarter. Invesco Ltd. boosted its position in TELUS by 20.1% in the 4th quarter. Invesco Ltd. now owns 12,500,760 shares of the Wireless communications provider’s stock worth $164,635,000 after purchasing an additional 2,091,819 shares in the last quarter. State of Tennessee Department of Treasury boosted its position in TELUS by 3,858.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 791,594 shares of the Wireless communications provider’s stock worth $11,107,000 after purchasing an additional 771,594 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of TELUS by 3.0% during the 4th quarter. Mackenzie Financial Corp now owns 33,318,398 shares of the Wireless communications provider’s stock worth $433,838,000 after purchasing an additional 955,779 shares during the period. Finally, Twinbeech Capital LP acquired a new stake in shares of TELUS during the 4th quarter worth approximately $638,000. 49.40% of the stock is owned by institutional investors and hedge funds.

TELUS Trading Down 0.6%

Shares of NYSE:TU opened at $13.11 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.86 and a debt-to-equity ratio of 1.65. TELUS has a 52-week low of $12.54 and a 52-week high of $16.74. The stock has a market cap of $20.30 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 1.96 and a beta of 0.68. The business has a 50-day moving average price of $13.66 and a 200-day moving average price of $14.26.

TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). TELUS had a net margin of 5.42% and a return on equity of 8.42%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter in the prior year, the company earned $0.25 EPS. Equities analysts predict that TELUS will post 0.71 EPS for the current year.

TELUS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.4184 dividend. This represents a $1.67 annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend is Wednesday, March 11th. TELUS’s payout ratio is 234.62%.

About TELUS

TELUS Corporation (NYSE: TU) is a Canadian telecommunications and technology company headquartered in Vancouver, British Columbia. It delivers a broad portfolio of consumer and business communications services across Canada, including mobile wireless, fixed-line voice, broadband internet, and television. TELUS also provides a range of enterprise services such as cloud and IT solutions, managed network services, cybersecurity and Internet of Things (IoT) offerings for business customers.

Beyond core connectivity, TELUS has expanded into health and digital services.