TELUS Co. (NYSE:TU) Given Average Rating of “Hold” by Brokerages

TELUS Co. (NYSE:TU) (TSE:T) has been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $26.00.

Several analysts have issued reports on the company. Morgan Stanley began coverage on TELUS in a report on Monday, December 16th. They set an “equal weight” rating on the stock. National Bank Financial lowered shares of TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, December 13th. StockNews.com lowered shares of TELUS from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Finally, Scotiabank upgraded shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th.

Hedge Funds Weigh In On TELUS

Institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. bought a new position in TELUS during the second quarter worth $163,000. Sanctuary Advisors LLC acquired a new stake in TELUS in the 2nd quarter worth $680,000. SG Americas Securities LLC bought a new position in shares of TELUS during the 3rd quarter worth about $390,000. Pacifica Partners Inc. raised its position in shares of TELUS by 20.6% during the third quarter. Pacifica Partners Inc. now owns 138,689 shares of the Wireless communications provider’s stock valued at $2,331,000 after buying an additional 23,663 shares during the last quarter. Finally, Tobam lifted its stake in shares of TELUS by 451.7% in the third quarter. Tobam now owns 58,515 shares of the Wireless communications provider’s stock valued at $982,000 after buying an additional 47,909 shares during the period. 49.40% of the stock is currently owned by institutional investors.

TELUS Trading Down 0.5 %

Shares of NYSE:TU opened at $14.63 on Friday. TELUS has a twelve month low of $13.24 and a twelve month high of $18.16. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. The firm has a market cap of $21.94 billion, a P/E ratio of 31.12, a P/E/G ratio of 4.81 and a beta of 0.75. The company has a 50 day moving average of $14.35 and a 200-day moving average of $15.51.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings data on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.11. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $3.69 billion. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. As a group, analysts anticipate that TELUS will post 0.72 earnings per share for the current fiscal year.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were paid a $0.297 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.12%. This is a boost from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, December 11th. TELUS’s payout ratio is presently 242.56%.

TELUS Company Profile

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.