TELUS Corporation (NYSE:TU) Receives Average Rating of “Moderate Buy” from Analysts

Shares of TELUS Corporation (NYSE:TU) (TSE:T) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.6250.

Several analysts have recently commented on TU shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of TELUS in a report on Monday, December 29th. Citigroup raised TELUS to a “buy” rating in a research report on Thursday, December 4th. National Bank Financial reiterated an “outperform” rating on shares of TELUS in a research note on Thursday, December 4th. Canaccord Genuity Group raised TELUS from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Finally, TD Securities restated a “buy” rating on shares of TELUS in a research note on Friday, February 13th.

TELUS Trading Down 0.6%

NYSE TU opened at $13.11 on Friday. TELUS has a 52 week low of $12.54 and a 52 week high of $16.74. The company has a 50 day moving average price of $13.66 and a 200 day moving average price of $14.26. The company has a quick ratio of 0.81, a current ratio of 0.86 and a debt-to-equity ratio of 1.65. The firm has a market cap of $20.30 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 1.96 and a beta of 0.68.

TELUS (NYSE:TU) (TSE:T) last announced its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). TELUS had a net margin of 5.42% and a return on equity of 8.42%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same quarter last year, the business earned $0.25 earnings per share. As a group, sell-side analysts forecast that TELUS will post 0.71 EPS for the current fiscal year.

TELUS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a $0.4184 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $1.67 dividend on an annualized basis and a yield of 12.8%. TELUS’s dividend payout ratio (DPR) is 234.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of TELUS by 1.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 779,692 shares of the Wireless communications provider’s stock worth $11,181,000 after buying an additional 11,900 shares during the period. Savant Capital LLC acquired a new position in shares of TELUS in the 2nd quarter valued at $201,000. Vise Technologies Inc. purchased a new position in TELUS in the 2nd quarter worth $372,000. PNC Financial Services Group Inc. raised its stake in TELUS by 12.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 15,554 shares of the Wireless communications provider’s stock worth $250,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in TELUS by 20.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,529,471 shares of the Wireless communications provider’s stock worth $76,335,000 after acquiring an additional 780,607 shares during the period. Institutional investors and hedge funds 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.