TELUS Co. (TU) Given Consensus Rating of “Buy” by Brokerages

TELUS Co. (NYSE:TU) (TSE:T) has earned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $46.17.

A number of brokerages recently weighed in on TU. Barclays upped their target price on shares of TELUS from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. Bank of America began coverage on shares of TELUS in a research note on Tuesday, November 21st. They issued a “neutral” rating and a $39.00 target price for the company. Morgan Stanley upped their target price on shares of TELUS from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th. Zacks Investment Research lowered shares of TELUS from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. Finally, Royal Bank of Canada raised shares of TELUS from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $47.00 to $51.00 in a research note on Friday, November 10th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Scotia Capital Inc. lifted its position in TELUS by 4.0% during the 2nd quarter. Scotia Capital Inc. now owns 2,232,103 shares of the Wireless communications provider’s stock worth $77,066,000 after buying an additional 85,659 shares in the last quarter. Susquehanna International Group LLP bought a new stake in TELUS during the 3rd quarter worth about $658,000. Crossmark Global Holdings Inc. bought a new stake in TELUS during the 3rd quarter worth about $8,287,000. Cambridge Investment Research Advisors Inc. lifted its position in TELUS by 19.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 75,064 shares of the Wireless communications provider’s stock worth $2,700,000 after buying an additional 12,126 shares in the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in TELUS during the 3rd quarter worth about $5,096,000. 51.24% of the stock is owned by hedge funds and other institutional investors.

Shares of TELUS (NYSE:TU) traded up $0.38 during mid-day trading on Friday, hitting $37.68. 236,870 shares of the stock traded hands, compared to its average volume of 337,269. TELUS has a one year low of $31.28 and a one year high of $38.50. The firm has a market cap of $22,175.93, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 2.08 and a beta of 0.92. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 1.44.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Thursday, November 9th. The Wireless communications provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.01). TELUS had a net margin of 9.61% and a return on equity of 18.72%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.66 billion. sell-side analysts predict that TELUS will post 2.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 11th were paid a $0.505 dividend. The ex-dividend date of this dividend was Friday, December 8th. This is a positive change from TELUS’s previous quarterly dividend of $0.39. This represents a $2.02 dividend on an annualized basis and a yield of 5.36%. TELUS’s dividend payout ratio is presently 98.15%.

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About TELUS

TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

Analyst Recommendations for TELUS (NYSE:TU)

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