TELUS Corporation (NYSE:TU) Receives Consensus Recommendation of “Hold” from Analysts

TELUS Corporation (NYSE:TU) (TSE:T) has been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $16.3333.

A number of research firms recently commented on TU. TD Securities upgraded TELUS from a “buy” rating to a “buy” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded TELUS from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Bank of America upgraded TELUS from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.50 to $16.00 in a report on Tuesday, March 10th. Scotiabank downgraded TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, April 10th. Finally, TD Cowen upgraded TELUS from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TU. Manchester Capital Management LLC grew its stake in TELUS by 320.0% in the fourth quarter. Manchester Capital Management LLC now owns 2,247 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 1,712 shares during the period. Flagship Harbor Advisors LLC acquired a new position in TELUS in the fourth quarter valued at about $33,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in TELUS by 129.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,473 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 1,393 shares during the period. Kestra Advisory Services LLC acquired a new position in TELUS in the fourth quarter valued at about $55,000. Finally, State of Wyoming acquired a new position in TELUS in the second quarter valued at about $61,000. 49.40% of the stock is owned by institutional investors and hedge funds.

TELUS Trading Up 0.1%

TU stock opened at $11.09 on Tuesday. The company has a market cap of $17.46 billion, a P/E ratio of 25.21, a PEG ratio of 10.91 and a beta of 0.61. TELUS has a twelve month low of $11.04 and a twelve month high of $16.74. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 1.59. The business has a fifty day moving average of $12.20 and a 200-day moving average of $12.90.

TELUS (NYSE:TU) (TSE:T) last released its earnings results on Friday, May 8th. The Wireless communications provider reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.64 billion. TELUS had a return on equity of 8.29% and a net margin of 4.54%.The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. As a group, equities research analysts expect that TELUS will post 0.71 EPS for the current year.

TELUS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 10th will be paid a $0.4184 dividend. This represents a $1.67 dividend on an annualized basis and a yield of 15.1%. The ex-dividend date of this dividend is Wednesday, June 10th. TELUS’s payout ratio is presently 275.00%.

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.