TELUS Given Average Recommendation of “Hold” by Analysts (NYSE:TU)
Shares of TELUS (NYSE:TU) have earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the company, AnalystRatingsNetwork.com reports. Eight analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $42.00.
TELUS (NYSE:TU) opened at 36.46 on Wednesday. TELUS has a 52-week low of $31.65 and a 52-week high of $38.76. The stock has a 50-day moving average of $35.37 and a 200-day moving average of $35.95. The company has a market cap of $22.386 billion and a P/E ratio of 17.68.
TELUS (NYSE:TU) last released its earnings data on Thursday, August 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that TELUS will post $2.41 EPS for the current fiscal year.
The company also recently announced a dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.348 per share. The ex-dividend date is Monday, September 8th.
A number of analysts have recently weighed in on TU shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of TELUS from C$40.00 to C$42.00 in a research note on Friday, August 8th. They now have a “neutral” rating on the stock. Separately, analysts at Bank of America downgraded shares of TELUS from a “buy” rating to a “neutral” rating in a research note on Monday, July 7th. Finally, analysts at Global Maxfin Capital initiated coverage on shares of TELUS in a research note on Friday, June 20th. They set a “hold” rating on the stock.
TELUS Corporation (NYSE:TU), incorporated on October 26, 1998, is a telecommunications companies, providing a range of telecommunications products and services products including wireless, data, Internet protocol, voice and television.
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