TELUS (NYSE:TU) Raised to “Outperform” at National Bank Financial

TELUS (NYSE:TU) (TSE:T) was upgraded by National Bank Financial from a “sector perform” rating to an “outperform” rating in a report released on Wednesday, MarketBeat.com reports.

TU has been the subject of a number of other reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of TELUS in a research report on Thursday, October 30th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $19.00 price objective (down previously from $22.00) on shares of TELUS in a report on Tuesday. Finally, Barclays lowered their target price on TELUS from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.17.

TELUS Price Performance

Shares of TELUS stock opened at $13.37 on Wednesday. The stock has a market capitalization of $20.52 billion, a P/E ratio of 24.30, a PEG ratio of 6.92 and a beta of 0.71. The business has a 50 day simple moving average of $15.13 and a two-hundred day simple moving average of $15.80. TELUS has a 12 month low of $13.24 and a 12 month high of $16.74. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.76 and a quick ratio of 0.71.

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

Institutional Inflows and Outflows

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

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.