TELUS (NYSE:TU) Downgraded to Sell Rating by StockNews.com

TELUS (NYSE:TU) (TSE:T) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

A number of other equities research analysts also recently issued reports on the stock. Canaccord Genuity Group downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Scotiabank upgraded shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, TELUS presently has a consensus rating of “Hold” and a consensus price target of $26.00.

TELUS Trading Down 0.7 %

Shares of TU stock opened at $15.21 on Thursday. The stock has a market cap of $22.69 billion, a P/E ratio of 32.36, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. TELUS has a 1 year low of $14.63 and a 1 year high of $19.14. 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 stock has a 50 day simple moving average of $16.08 and a 200 day simple moving average of $16.07.

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 firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $3.69 billion. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 EPS. On average, research analysts predict that TELUS will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TELUS

Institutional investors and hedge funds have recently bought and sold shares of the company. Fairscale Capital LLC acquired a new position in shares of TELUS during the second quarter worth $27,000. Blue Trust Inc. raised its position in TELUS by 60.4% during the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock worth $41,000 after purchasing an additional 954 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in TELUS during the 1st quarter worth about $58,000. Acadian Asset Management LLC bought a new stake in shares of TELUS in the 2nd quarter valued at about $123,000. Finally, Trust Co. of Vermont increased its stake in shares of TELUS by 19.0% in 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. Institutional investors and hedge funds own 49.40% of the company’s stock.

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.