TELUS (NYSE:TU) Reaches New 1-Year Low – Here’s Why

TELUS Corporation (NYSE:TU) (TSE:T)’s stock price reached a new 52-week low on Monday . The stock traded as low as $11.40 and last traded at $11.4550, with a volume of 394052 shares trading hands. The stock had previously closed at $11.54.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TU shares. Weiss Ratings downgraded TELUS from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Bank of America raised TELUS from a “neutral” rating to a “buy” rating and lifted their target price for the company from $14.50 to $16.00 in a research note on Tuesday, March 10th. TD Cowen upgraded TELUS from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Canaccord Genuity Group lowered shares of TELUS from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, TD Securities upgraded shares of TELUS from a “buy” rating to a “buy” rating in a report on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.33.

TELUS Trading Up 1.3%

The company has a fifty day moving average of $12.27 and a two-hundred day moving average of $12.95. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $18.09 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 11.14 and a beta of 0.61.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. TELUS had a return on equity of 8.29% and a net margin of 4.54%.The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts expect that TELUS Corporation will post 0.71 EPS for the current year.

TELUS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Wednesday, June 10th will be paid a $0.4184 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.67 dividend on an annualized basis and a yield of 14.6%. TELUS’s dividend payout ratio (DPR) is presently 275.00%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Manchester Capital Management LLC boosted its holdings in TELUS by 320.0% during the fourth quarter. Manchester Capital Management LLC now owns 2,247 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 1,712 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of TELUS in the fourth quarter worth about $33,000. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in shares of TELUS by 129.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,473 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 1,393 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of TELUS during the 4th quarter worth about $55,000. Finally, State of Wyoming acquired a new position in shares of TELUS during the 2nd quarter worth about $61,000. Institutional investors own 49.40% of the company’s stock.

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.