TELUS Co. (NYSE:TU) Receives Consensus Recommendation of “Hold” from Brokerages

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

A number of research firms have recently weighed in on TU. Scotiabank raised shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. StockNews.com downgraded shares of TELUS from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Morgan Stanley began coverage on TELUS in a research report on Monday, December 16th. They issued an “equal weight” rating on the stock. Finally, National Bank Financial lowered TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 13th.

Institutional Investors Weigh In On TELUS

Large investors have recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings 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 stake 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 buying an additional 1,468 shares during the period. 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 valued at $65,000 after acquiring an additional 4,548 shares during the last quarter. Trust Co. of Vermont raised 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 acquiring an additional 1,218 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of TELUS in the 2nd quarter worth about $163,000. 49.40% of the stock is owned by institutional investors.

TELUS Trading Down 0.0 %

Shares of TU stock opened at $14.52 on Friday. The business has a 50-day moving average of $14.40 and a 200 day moving average of $15.53. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.63. TELUS has a 1-year low of $13.24 and a 1-year high of $18.20. The stock has a market capitalization of $21.77 billion, a PE ratio of 30.88, a P/E/G ratio of 4.79 and a beta of 0.74.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $3.69 billion. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 earnings per share. As a group, sell-side analysts anticipate that TELUS will post 0.72 earnings per share for the current year.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were paid a $0.297 dividend. This represents a $1.19 annualized dividend and a yield of 8.18%. This is an increase from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, December 11th. TELUS’s dividend 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.