TELUS Co. (NYSE:TU) Receives Consensus Rating of “Hold” from Analysts

TELUS Co. (NYSE:TU) (TSE:T) has been assigned a consensus rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $26.00.

Several research analysts have recently commented on TU shares. Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. StockNews.com lowered shares of TELUS from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. National Bank Financial downgraded shares of TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 13th. Finally, Morgan Stanley began coverage on shares of TELUS in a research report on Monday, December 16th. They set an “equal weight” rating for the company.

TELUS Trading Down 0.0 %

NYSE TU opened at $14.52 on Friday. The stock has a market cap of $21.77 billion, a PE ratio of 30.88, a PEG ratio of 4.79 and a beta of 0.74. TELUS has a 12 month low of $13.24 and a 12 month high of $18.20. The company’s 50-day moving average price is $14.40 and its 200-day moving average price is $15.53. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50.

TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $3.69 billion. TELUS had a return on equity of 8.80% and a net margin of 4.56%. TELUS’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. Equities research analysts forecast that TELUS will post 0.72 earnings per share for the current year.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.297 per share. This is a positive change from TELUS’s previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a dividend yield of 8.18%. The ex-dividend date was Wednesday, December 11th. TELUS’s dividend payout ratio is presently 242.56%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TU. Versant Capital Management Inc boosted its stake in TELUS by 195,100.0% during the 4th quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider’s stock worth $26,000 after purchasing an additional 1,951 shares during the last quarter. Avior Wealth Management LLC boosted its position in TELUS by 1,756.0% during the fourth quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider’s stock worth $65,000 after acquiring an additional 4,548 shares during the last quarter. Blue Trust Inc. grew its stake in TELUS by 58.0% during the 3rd quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider’s stock valued at $67,000 after acquiring an additional 1,468 shares in the last quarter. Trust Co. of Vermont raised its holdings in TELUS by 19.0% in the 3rd quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock valued at $128,000 after acquiring an additional 1,218 shares during the last quarter. Finally, Triasima Portfolio Management inc. purchased a new position in TELUS in the 4th quarter worth approximately $146,000. Hedge funds and other institutional investors own 49.40% of the company’s stock.

TELUS Company Profile

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.