TELUS (NYSE:TU) Upgraded at StockNews.com

StockNews.com upgraded shares of TELUS (NYSE:TU) (TSE:T) from a sell rating to a hold rating in a report issued on Monday.

TU has been the topic of a number of other reports. Scotiabank raised shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a report on Monday, October 28th. National Bank Financial downgraded shares of TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, December 13th. Finally, Morgan Stanley assumed coverage on shares of TELUS in a report on Monday, December 16th. They set an “equal weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.00.

TELUS Trading Up 0.5 %

Shares of TELUS stock opened at $14.48 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. TELUS has a 12-month low of $13.24 and a 12-month high of $18.16. The firm has a market capitalization of $21.71 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 4.85 and a beta of 0.75. The firm’s 50 day simple moving average is $14.30 and its two-hundred day simple moving average is $15.48.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings data on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business earned $0.19 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts predict that TELUS will post 0.72 EPS for the current year.

Hedge Funds Weigh In On TELUS

Hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc increased its position in TELUS by 195,100.0% during the fourth 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 last quarter. Avior Wealth Management LLC increased its position in TELUS by 1,756.0% during the fourth quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider’s stock worth $65,000 after purchasing an additional 4,548 shares during the last quarter. Blue Trust Inc. increased its position in TELUS by 58.0% during the third quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider’s stock worth $67,000 after purchasing an additional 1,468 shares during the last quarter. Trust Co. of Vermont increased 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 worth $128,000 after purchasing an additional 1,218 shares during the last quarter. Finally, Triasima Portfolio Management inc. acquired a new stake in TELUS during the fourth quarter worth about $146,000. 49.40% of the stock is owned by hedge funds and other institutional investors.

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.