TELUS (TSE:T) Announces Earnings Results

TELUS (TSE:TGet Free Report) (NYSE:TU) released its quarterly earnings results on Thursday. The company reported C$0.20 earnings per share for the quarter, FiscalAI reports. TELUS had a net margin of 4.62% and a return on equity of 5.80%. The company had revenue of C$5.23 billion during the quarter.

TELUS Trading Down 0.8%

T stock traded down C$0.16 during mid-day trading on Thursday, reaching C$19.17. The company’s stock had a trading volume of 5,573,125 shares, compared to its average volume of 6,678,724. TELUS has a 12 month low of C$17.26 and a 12 month high of C$23.29. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. The business’s 50 day moving average price is C$18.40 and its 200 day moving average price is C$20.31. The company has a market cap of C$29.73 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 1.65 and a beta of 0.79.

Insiders Place Their Bets

In related news, Director Darren Entwistle acquired 190,000 shares of TELUS stock in a transaction dated Friday, December 19th. The stock was bought at an average price of C$17.38 per share, with a total value of C$3,302,200.00. Following the transaction, the director directly owned 1,070,741 shares in the company, valued at C$18,609,478.58. This represents a 21.57% increase in their position. Also, Director David Lawrence Mowat acquired 3,000 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was bought at an average price of C$17.37 per share, with a total value of C$52,110.00. Following the purchase, the director directly owned 14,486 shares in the company, valued at C$251,621.82. This represents a 26.12% increase in their ownership of the stock. Insiders have bought a total of 258,245 shares of company stock valued at $4,486,022 over the last 90 days. 0.02% of the stock is currently owned by corporate insiders.

Key TELUS News

Here are the key news stories impacting TELUS this week:

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. National Bank Financial dropped their price target on TELUS from C$21.50 to C$21.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 30th. Scotiabank decreased their price objective on TELUS from C$22.50 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, January 20th. TD Securities cut their target price on TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Monday, December 15th. Desjardins set a C$23.00 price target on TELUS and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Natl Bk Canada upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$21.95.

View Our Latest Analysis on TELUS

TELUS Company Profile

(Get Free Report)

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.

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Earnings History for TELUS (TSE:T)

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