TELUS Corporation (NYSE:TU) Given Average Rating of “Hold” by Analysts

Shares of TELUS Corporation (NYSE:TU) (TSE:T) have received a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.1667.

A number of research analysts have weighed in on TU shares. Wall Street Zen lowered shares of TELUS from a “hold” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. restated an “underweight” rating and issued a $19.00 target price (down from $22.00) on shares of TELUS in a report on Tuesday, November 18th. Barclays dropped their price target on shares of TELUS from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. National Bank Financial reissued an “outperform” rating on shares of TELUS in a report on Thursday, December 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of TELUS in a research note on Monday, December 29th.

TELUS Stock Down 0.2%

Shares of NYSE:TU opened at $13.56 on Wednesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.81 and a current ratio of 0.86. TELUS has a 52-week low of $12.54 and a 52-week high of $16.74. The business’s 50 day simple moving average is $13.48 and its two-hundred day simple moving average is $14.50. The firm has a market cap of $20.98 billion, a P/E ratio of 26.07, a PEG ratio of 1.60 and a beta of 0.67.

TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). TELUS had a return on equity of 8.42% and a net margin of 5.42%.The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same period in the previous year, the company earned $0.25 earnings per share. As a group, research analysts forecast that TELUS will post 0.71 EPS for the current fiscal year.

TELUS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given a $0.4184 dividend. This represents a $1.67 dividend on an annualized basis and a yield of 12.3%. The ex-dividend date of this dividend is Wednesday, March 11th. TELUS’s dividend payout ratio is presently 230.77%.

Institutional Trading of TELUS

Institutional investors have recently made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of TELUS by 20.1% in the fourth quarter. Invesco Ltd. now owns 12,500,760 shares of the Wireless communications provider’s stock valued at $164,635,000 after purchasing an additional 2,091,819 shares during the last quarter. State of Tennessee Department of Treasury grew its position in TELUS by 3,858.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 791,594 shares of the Wireless communications provider’s stock worth $11,107,000 after purchasing an additional 771,594 shares in the last quarter. Mackenzie Financial Corp increased its stake in TELUS by 3.0% in the 4th quarter. Mackenzie Financial Corp now owns 33,318,398 shares of the Wireless communications provider’s stock valued at $433,838,000 after buying an additional 955,779 shares during the last quarter. Twinbeech Capital LP bought a new position in shares of TELUS during the 4th quarter worth approximately $638,000. Finally, Oxford Asset Management LLP bought a new position in shares of TELUS during the 4th quarter worth approximately $192,000. Institutional investors own 49.40% of the company’s stock.

TELUS Company Profile

TELUS Corporation (NYSE: TU) is a Canadian telecommunications and technology company headquartered in Vancouver, British Columbia. It delivers a broad portfolio of consumer and business communications services across Canada, including mobile wireless, fixed-line voice, broadband internet, and television. TELUS also provides a range of enterprise services such as cloud and IT solutions, managed network services, cybersecurity and Internet of Things (IoT) offerings for business customers.

Beyond core connectivity, TELUS has expanded into health and digital services.