TELUS Corporation (NYSE:TU) Receives $15.67 Consensus Price Target from Brokerages

TELUS Corporation (NYSE:TU) (TSE:T) has been given a consensus rating of “Hold” by the twelve analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.6667.

TU has been the subject of a number of analyst reports. Canaccord Genuity Group cut shares of TELUS from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of TELUS in a research report on Friday. TD Securities raised shares of TELUS from a “buy” rating to a “buy” rating in a report on Tuesday, April 28th. Raymond James Financial started coverage on shares of TELUS in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, TD Cowen raised TELUS from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th.

Institutional Investors Weigh In On TELUS

A number of hedge funds have recently modified their holdings of the business. Manchester Capital Management LLC grew its position in shares of TELUS by 320.0% in the 4th quarter. Manchester Capital Management LLC now owns 2,247 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 1,712 shares during the period. Flagship Harbor Advisors LLC bought a new position in TELUS in the fourth quarter valued at approximately $33,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in TELUS by 129.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,473 shares of the Wireless communications provider’s stock valued at $33,000 after buying an additional 1,393 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of TELUS in the fourth quarter valued at approximately $55,000. Finally, State of Wyoming acquired a new position in shares of TELUS in the second quarter valued at approximately $61,000. Institutional investors and hedge funds own 49.40% of the company’s stock.

TELUS Price Performance

Shares of TU opened at $10.29 on Friday. The stock has a market cap of $16.19 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 8.41 and a beta of 0.63. TELUS has a 1 year low of $10.07 and a 1 year high of $16.74. The stock’s 50-day moving average price is $11.56 and its two-hundred day moving average price is $12.63. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 1.59.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.64 billion. TELUS had a return on equity of 8.29% and a net margin of 4.54%.TELUS’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 EPS. On average, equities analysts predict that TELUS will post 0.69 earnings per share for the current year.

TELUS Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 10th were paid a $0.4184 dividend. This represents a $1.67 dividend on an annualized basis and a yield of 16.3%. The ex-dividend date of this dividend was Wednesday, June 10th. TELUS’s payout ratio is presently 275.00%.

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.