TELUS Corporation (NYSE:TU) Receives $21.50 Consensus Target Price from Analysts

TELUS Corporation (NYSE:TU) (TSE:T) has earned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $21.50.

Separately, Scotiabank reaffirmed an “outperform” rating on shares of TELUS in a report on Tuesday, July 15th.

TELUS Trading Down 0.0%

TELUS stock opened at $15.82 on Friday. The stock has a market cap of $24.28 billion, a P/E ratio of 34.38, a PEG ratio of 4.62 and a beta of 0.72. TELUS has a fifty-two week low of $13.24 and a fifty-two week high of $16.88. The firm’s fifty day moving average price is $16.24 and its 200-day moving average price is $15.72. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.81 and a current ratio of 0.86.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results on Friday, August 1st. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.63 billion. TELUS had a return on equity of 9.10% and a net margin of 4.67%.The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. Equities research analysts forecast that TELUS will post 0.71 earnings per share for the current fiscal year.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be issued a $0.3019 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This is an increase from TELUS’s previous quarterly dividend of $0.30. This represents a $1.21 annualized dividend and a dividend yield of 7.6%. TELUS’s payout ratio is currently 260.87%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its stake in TELUS by 453.1% in the second quarter. Osaic Holdings Inc. now owns 22,623 shares of the Wireless communications provider’s stock valued at $363,000 after acquiring an additional 18,533 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in TELUS by 9.2% in the second quarter. Orion Porfolio Solutions LLC now owns 38,064 shares of the Wireless communications provider’s stock valued at $611,000 after acquiring an additional 3,213 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in TELUS in the second quarter valued at $172,000. Advisory Services Network LLC increased its stake in TELUS by 8.4% in the second quarter. Advisory Services Network LLC now owns 23,555 shares of the Wireless communications provider’s stock valued at $379,000 after acquiring an additional 1,834 shares during the last quarter. Finally, State of Wyoming bought a new position in TELUS in the second quarter valued at $61,000. 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.