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

TELUS Co. (NYSE:TU – Get Rating) (TSE:T) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $32.40.

A number of brokerages recently issued reports on TU. JPMorgan Chase & Co. upgraded shares of TELUS from a “neutral” rating to an “overweight” rating in a report on Monday, February 14th. CIBC raised their price target on shares of TELUS from C$31.00 to C$33.50 in a report on Friday, February 11th. Scotiabank raised their price target on shares of TELUS from C$36.00 to C$38.00 in a report on Friday, February 11th. BMO Capital Markets raised their price target on shares of TELUS from C$32.00 to C$34.00 in a report on Friday, February 11th. Finally, National Bank Financial raised their price target on shares of TELUS from C$35.00 to C$36.00 in a report on Friday, February 11th.

TU opened at $25.01 on Monday. The company’s 50 day moving average is $26.01 and its 200-day moving average is $24.31. TELUS has a 1-year low of $20.59 and a 1-year high of $27.50. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 1.12. The company has a market cap of $34.26 billion, a P/E ratio of 26.05, a PEG ratio of 2.86 and a beta of 0.65.

TELUS (NYSE:TU – Get Rating) (TSE:T) last posted its quarterly earnings results on Thursday, February 10th. The Wireless communications provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). TELUS had a net margin of 9.59% and a return on equity of 8.98%. The company had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, equities analysts forecast that TELUS will post 0.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Friday, March 11th were given a $0.258 dividend. This represents a $1.03 annualized dividend and a yield of 4.13%. The ex-dividend date was Thursday, March 10th. TELUS’s payout ratio is currently 107.29%.

A number of institutional investors and hedge funds have recently bought and sold shares of TU. Amundi Pioneer Asset Management Inc. boosted its holdings in TELUS by 61.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 339,597 shares of the Wireless communications provider’s stock worth $12,578,000 after acquiring an additional 128,989 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of TELUS by 21.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 18,446 shares of the Wireless communications provider’s stock worth $405,000 after buying an additional 3,280 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of TELUS by 1.4% in the 3rd quarter. Raymond James & Associates now owns 439,460 shares of the Wireless communications provider’s stock worth $9,645,000 after buying an additional 5,887 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of TELUS by 7.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 6,965 shares of the Wireless communications provider’s stock worth $152,000 after buying an additional 470 shares during the last quarter. Finally, Mufg Securities Canada LTD. boosted its holdings in shares of TELUS by 1.2% in the 3rd quarter. Mufg Securities Canada LTD. now owns 726,780 shares of the Wireless communications provider’s stock worth $16,006,000 after buying an additional 8,822 shares during the last quarter. 47.75% of the stock is currently owned by hedge funds and other institutional investors.

About TELUS (Get Rating)

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 revenue; equipment sales from mobile technologies; data services revenues, such as internet protocol; television; hosting, managed information technology, and cloud-based services; customer care and business services; healthcare solutions; and home and business security, agriculture, voice, and other telecommunications services.

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