TELUS Co. (NYSE:TU) Receives $26.00 Average Target Price from Brokerages

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

TU has been the topic of a number of recent research reports. Morgan Stanley started coverage on shares of TELUS in a report on Monday, December 16th. They issued an “equal weight” rating on the stock. National Bank Financial downgraded TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. StockNews.com cut TELUS from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Finally, Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th.

Hedge Funds Weigh In On TELUS

Hedge funds have recently bought and sold shares of the business. Fairscale Capital LLC bought a new position in TELUS in the second quarter valued at about $27,000. Versant Capital Management Inc lifted its stake in shares of TELUS by 195,100.0% in the 4th quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider’s stock worth $26,000 after purchasing an additional 1,951 shares during the period. Blue Trust Inc. boosted its holdings in shares of TELUS by 58.0% in the third quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider’s stock worth $67,000 after buying an additional 1,468 shares during the last quarter. Trust Co. of Vermont grew its position in TELUS by 19.0% during the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock valued at $128,000 after buying an additional 1,218 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in TELUS during the second quarter valued at approximately $123,000. Hedge funds and other institutional investors own 49.40% of the company’s stock.

TELUS Trading Down 0.4 %

TU opened at $13.91 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.50. TELUS has a 52 week low of $13.24 and a 52 week high of $18.55. The stock has a market cap of $20.87 billion, a PE ratio of 29.60, a PEG ratio of 2.10 and a beta of 0.74. The business has a 50 day moving average of $14.81 and a 200-day moving average of $15.66.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings data on Friday, November 8th. The Wireless communications provider reported $0.28 EPS 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 for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. Equities research analysts predict that TELUS will post 0.73 earnings per share for the current fiscal year.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were given a dividend of $0.297 per share. The ex-dividend date was Wednesday, December 11th. This is a boost from TELUS’s previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a dividend yield of 8.54%. TELUS’s dividend payout ratio (DPR) is 253.19%.

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.