TELUS (NYSE:TU) Releases Earnings Results, Beats Expectations By $0.02 EPS

TELUS (NYSE:TU) (TSE:T) posted its quarterly earnings results on Thursday. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02, Zacks reports. TELUS had a net margin of 4.56% and a return on equity of 8.80%.

TELUS Trading Up 3.9 %

TU traded up $0.57 on Thursday, hitting $15.16. The company had a trading volume of 2,460,955 shares, compared to its average volume of 3,780,791. The firm has a market cap of $22.73 billion, a P/E ratio of 32.22, a PEG ratio of 4.85 and a beta of 0.75. TELUS has a 1 year low of $13.24 and a 1 year high of $18.16. The company’s fifty day moving average price is $14.23 and its 200 day moving average price is $15.46. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50.

Analyst Ratings Changes

A number of equities analysts have weighed in on TU shares. National Bank Financial lowered TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a report on Monday, October 28th. Morgan Stanley started coverage on TELUS in a report on Monday, December 16th. They set an “equal weight” rating on the stock. Finally, StockNews.com upgraded TELUS from a “sell” rating to a “hold” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.00.

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.