TELUS Corporation (NYSE:TU) Given Average Recommendation of “Hold” by Brokerages

Shares of TELUS Corporation (NYSE:TU) (TSE:T) have received a consensus rating of “Hold” from the eleven ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $18.1667.

TU has been the subject of a number of research analyst reports. Canaccord Genuity Group raised shares of TELUS from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of TELUS in a report on Monday, December 29th. Citigroup raised shares of TELUS to a “buy” rating in a research note on Thursday, December 4th. JPMorgan Chase & Co. restated an “underweight” rating and set a $19.00 target price (down from $22.00) on shares of TELUS in a report on Tuesday, November 18th. Finally, National Bank Financial restated an “outperform” rating on shares of TELUS in a research report on Thursday, December 4th.

Hedge Funds Weigh In On TELUS

Several institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in TELUS by 1.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 779,692 shares of the Wireless communications provider’s stock valued at $11,181,000 after buying an additional 11,900 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of TELUS by 15.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,838 shares of the Wireless communications provider’s stock worth $479,000 after acquiring an additional 3,906 shares during the last quarter. CWM LLC raised its holdings in shares of TELUS by 169.6% during the second quarter. CWM LLC now owns 3,658 shares of the Wireless communications provider’s stock worth $59,000 after acquiring an additional 2,301 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of TELUS by 7.9% during the second quarter. Allianz Asset Management GmbH now owns 62,317 shares of the Wireless communications provider’s stock worth $999,000 after acquiring an additional 4,588 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in TELUS by 15.8% during the second quarter. Envestnet Asset Management Inc. now owns 549,012 shares of the Wireless communications provider’s stock valued at $8,815,000 after purchasing an additional 74,958 shares during the last quarter. Hedge funds and other institutional investors own 49.40% of the company’s stock.

TELUS Stock Performance

Shares of TU stock opened at $13.63 on Wednesday. The company has a market cap of $21.10 billion, a P/E ratio of 26.21, a PEG ratio of 1.96 and a beta of 0.67. The business has a 50 day moving average of $13.41 and a two-hundred day moving average of $14.58. TELUS has a 52 week low of $12.54 and a 52 week high of $16.74. The company has a quick ratio of 0.81, a current ratio of 0.86 and a debt-to-equity ratio of 1.65.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03). TELUS had a return on equity of 8.42% and a net margin of 5.42%.The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the company posted $0.25 EPS. As a group, analysts anticipate that TELUS will post 0.71 EPS for the current year.

TELUS Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a $0.4184 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.67 dividend on an annualized basis and a yield of 12.3%. TELUS’s dividend payout ratio (DPR) is currently 230.77%.

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.