TELUS Corporation (NYSE:TU) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of TELUS Corporation (NYSE:TU) (TSE:T) have earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $18.1667.

A number of research firms have recently commented on TU. Weiss Ratings reiterated a “hold (c)” rating on shares of TELUS in a report on Monday, December 15th. National Bank Financial raised TELUS from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, November 19th. BMO Capital Markets downgraded TELUS from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 11th. Canaccord Genuity Group raised TELUS from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $19.00 price target (down previously from $22.00) on shares of TELUS in a research note on Tuesday, November 18th.

TELUS Trading Up 0.6%

NYSE TU opened at $12.98 on Tuesday. TELUS has a 12 month low of $12.54 and a 12 month high of $16.74. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 1.47. The stock’s fifty day moving average price is $13.72 and its 200-day moving average price is $15.24. The stock has a market cap of $20.09 billion, a P/E ratio of 23.59, a P/E/G ratio of 2.07 and a beta of 0.67.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, November 7th. The Wireless communications provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.77 billion. TELUS had a return on equity of 8.76% and a net margin of 5.71%.The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. As a group, equities analysts forecast that TELUS will post 0.71 EPS for the current fiscal year.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be given a $0.4184 dividend. This is a positive change from TELUS’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $1.67 dividend on an annualized basis and a yield of 12.9%. TELUS’s payout ratio is presently 218.18%.

Institutional Trading of TELUS

A number of large investors have recently made changes to their positions in TU. Parvin Asset Management LLC purchased a new position in shares of TELUS during the second quarter valued at approximately $27,000. Farther Finance Advisors LLC grew its position in TELUS by 35.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,926 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 759 shares during the period. Blue Trust Inc. grew its position in TELUS by 26.1% in the 2nd quarter. Blue Trust Inc. now owns 3,227 shares of the Wireless communications provider’s stock worth $52,000 after purchasing an additional 667 shares during the period. CWM LLC raised its stake in TELUS by 169.6% during the 2nd quarter. CWM LLC now owns 3,658 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 2,301 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of TELUS during the 2nd quarter valued at $61,000. 49.40% of the stock is currently owned by institutional investors.

About TELUS

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.