Barclays Has Lowered Expectations for TELUS (NYSE:TU) Stock Price

TELUS (NYSE:TU) (TSE:T) had its target price decreased by investment analysts at Barclays from $15.00 to $14.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the Wireless communications provider’s stock. Barclays‘s target price would indicate a potential downside of 5.82% from the stock’s current price.

Several other research firms have also commented on TU. Scotiabank reissued an “outperform” rating on shares of TELUS in a report on Tuesday, July 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of TELUS in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.75.

TELUS Price Performance

Shares of TU stock traded up $0.07 during trading on Monday, hitting $14.87. The company had a trading volume of 3,911,071 shares, compared to its average volume of 3,557,381. The stock’s 50-day moving average price is $15.50 and its 200 day moving average price is $15.87. TELUS has a one year low of $13.24 and a one year high of $16.74. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.81 and a current ratio of 0.86. The firm has a market capitalization of $22.82 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 4.45 and a beta of 0.71.

TELUS (NYSE:TU) (TSE:T) last released its earnings results on Friday, November 7th. The Wireless communications provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.77 billion. TELUS had a net margin of 5.71% and a return on equity of 8.92%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. Equities analysts expect that TELUS will post 0.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Citigroup Inc. increased its stake in shares of TELUS by 69.2% in the 3rd quarter. Citigroup Inc. now owns 1,932,604 shares of the Wireless communications provider’s stock worth $30,446,000 after acquiring an additional 790,288 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in TELUS by 15.9% during the third quarter. Hillsdale Investment Management Inc. now owns 26,685 shares of the Wireless communications provider’s stock worth $420,000 after acquiring an additional 3,652 shares in the last quarter. Fiera Capital Corp grew its holdings in TELUS by 10.7% in the third quarter. Fiera Capital Corp now owns 17,867,796 shares of the Wireless communications provider’s stock worth $281,326,000 after purchasing an additional 1,725,982 shares during the period. Vanguard Group Inc. increased its stake in shares of TELUS by 4.6% during the third quarter. Vanguard Group Inc. now owns 28,553,587 shares of the Wireless communications provider’s stock valued at $449,748,000 after purchasing an additional 1,255,029 shares in the last quarter. Finally, Tobam lifted its holdings in shares of TELUS by 3.6% during the third quarter. Tobam now owns 112,948 shares of the Wireless communications provider’s stock valued at $1,781,000 after purchasing an additional 3,933 shares during the last quarter. Hedge funds and other institutional investors own 49.40% of the company’s stock.

About TELUS

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.