TD Securities Upgrades TELUS (TU) to “Buy”

TELUS (NYSE:TU) (TSE:T) was upgraded by investment analysts at TD Securities from a “hold” rating to a “buy” rating in a report issued on Friday, The Fly reports.

A number of other equities analysts have also commented on TU. Zacks Investment Research lowered shares of TELUS from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Scotiabank upgraded shares of TELUS from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, October 25th. Royal Bank of Canada upgraded shares of TELUS from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $47.00 to $51.00 in a research note on Friday, November 10th. Barclays upped their target price on shares of TELUS from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, November 10th. Finally, Morgan Stanley upped their target price on shares of TELUS from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $45.14.

Shares of TELUS (TU) traded down $0.42 during mid-day trading on Friday, reaching $36.67. 506,887 shares of the company’s stock were exchanged, compared to its average volume of 349,221. TELUS has a 52-week low of $31.28 and a 52-week high of $38.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.55 and a quick ratio of 0.48. The firm has a market cap of $21,660.00, a price-to-earnings ratio of 21.44, a P/E/G ratio of 2.06 and a beta of 0.89.

TELUS (NYSE:TU) (TSE:T) last issued its quarterly earnings data on Thursday, November 9th. The Wireless communications provider reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). TELUS had a return on equity of 18.72% and a net margin of 9.61%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.66 billion. research analysts predict that TELUS will post 2.03 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of TU. Picton Mahoney Asset Management bought a new stake in shares of TELUS during the 4th quarter valued at about $37,032,000. Highstreet Asset Management Inc. grew its position in shares of TELUS by 40.6% during the 4th quarter. Highstreet Asset Management Inc. now owns 1,081,888 shares of the Wireless communications provider’s stock valued at $40,986,000 after buying an additional 312,217 shares during the last quarter. Dean Capital Investments Management LLC bought a new stake in shares of TELUS during the 4th quarter valued at about $552,000. Callahan Advisors LLC grew its position in shares of TELUS by 20.4% during the 4th quarter. Callahan Advisors LLC now owns 19,475 shares of the Wireless communications provider’s stock valued at $738,000 after buying an additional 3,300 shares during the last quarter. Finally, DT Investment Partners LLC grew its position in shares of TELUS by 16.7% during the 4th quarter. DT Investment Partners LLC now owns 65,701 shares of the Wireless communications provider’s stock valued at $2,488,000 after buying an additional 9,408 shares during the last quarter. Institutional investors and hedge funds own 51.27% of the company’s stock.

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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.

The Fly

Analyst Recommendations for TELUS (NYSE:TU)