TELUS (NYSE:TU) Stock Rating Upgraded by StockNews.com

TELUS (NYSE:TUGet Rating) (TSE:T) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada boosted their price target on shares of TELUS from C$32.00 to C$36.00 in a report on Friday, February 11th. BMO Capital Markets boosted their price target on shares of TELUS from C$32.00 to C$34.00 in a report on Friday, February 11th. JPMorgan Chase & Co. upgraded shares of TELUS from a “neutral” rating to an “overweight” rating in a research note on Monday, February 14th. Scotiabank upped their price objective on shares of TELUS from C$36.00 to C$38.00 in a research note on Friday, February 11th. Finally, National Bank Financial upped their price objective on shares of TELUS from C$35.00 to C$36.00 in a research note on Friday, February 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $32.86.

Shares of TU traded down $0.22 during mid-day trading on Friday, hitting $25.05. The company’s stock had a trading volume of 941,663 shares, compared to its average volume of 1,764,508. The firm has a 50-day moving average price of $25.51 and a 200 day moving average price of $24.57. The stock has a market capitalization of $34.32 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 2.70 and a beta of 0.64. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.57. TELUS has a fifty-two week low of $21.48 and a fifty-two week high of $27.50.

TELUS (NYSE:TUGet Rating) (TSE:T) last released its quarterly earnings results on Friday, May 6th. The Wireless communications provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. TELUS had a net margin of 9.75% and a return on equity of 9.26%. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that TELUS will post 0.94 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of TU. Amundi Pioneer Asset Management Inc. grew its position in TELUS by 61.2% in the first 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 in the last quarter. Advisor Group Holdings Inc. grew its position in TELUS by 7.2% in the third quarter. Advisor Group Holdings Inc. now owns 6,965 shares of the Wireless communications provider’s stock worth $152,000 after acquiring an additional 470 shares in the last quarter. Goldman Sachs Group Inc. grew its position in TELUS by 19.1% in the third quarter. Goldman Sachs Group Inc. now owns 802,565 shares of the Wireless communications provider’s stock worth $17,624,000 after acquiring an additional 128,470 shares in the last quarter. US Bancorp DE grew its position in TELUS by 10.4% in the third quarter. US Bancorp DE now owns 6,448 shares of the Wireless communications provider’s stock worth $142,000 after acquiring an additional 605 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of TELUS by 13.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,269,142 shares of the Wireless communications provider’s stock worth $27,793,000 after buying an additional 150,760 shares during the period. 48.44% of the stock is owned by institutional investors.

TELUS Company Profile (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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