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

TELUS Corporation (NYSE:TU) (TSE:T) has received an average rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $17.6250.

Several analysts recently issued reports on TU shares. TD Cowen raised shares of TELUS from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Wall Street Zen cut shares of TELUS from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. TD Securities raised shares of TELUS from a “buy” rating to a “buy” rating in a report on Tuesday, April 28th. Bank of America raised shares of TELUS from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.50 to $16.00 in a report on Tuesday, March 10th. Finally, Weiss Ratings cut shares of TELUS from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th.

TELUS Trading Up 0.0%

TU opened at $12.56 on Monday. The stock has a market capitalization of $19.44 billion, a PE ratio of 24.14, a P/E/G ratio of 4.59 and a beta of 0.61. The firm’s fifty day moving average price is $12.94 and its 200 day moving average price is $13.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.86 and a quick ratio of 0.81. TELUS has a 12-month low of $11.69 and a 12-month high of $16.74.

TELUS (NYSE:TU) (TSE:T) last posted its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.85 billion. TELUS had a net margin of 5.42% and a return on equity of 8.42%. During the same period in the prior year, the company earned $0.25 earnings per share. As a group, research analysts expect that TELUS will post 0.7 EPS for the current fiscal year.

TELUS Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were issued a dividend of $0.4184 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend was Wednesday, March 11th. TELUS’s dividend payout ratio is 236.54%.

Institutional Trading of TELUS

A number of institutional investors and hedge funds have recently modified their holdings of TU. Manchester Capital Management LLC raised its holdings in shares of TELUS by 320.0% during the fourth quarter. Manchester Capital Management LLC now owns 2,247 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 1,712 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of TELUS during the fourth quarter worth $33,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of TELUS by 129.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,473 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 1,393 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of TELUS by 35.0% during the third 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. Finally, Kestra Advisory Services LLC acquired a new stake in shares of TELUS during the fourth quarter worth $55,000. 49.40% of the stock is owned by institutional investors and hedge funds.

TELUS Company Profile

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.