TELUS Co. (NYSE:TU) (TSE:T) – Equities researchers at Cormark dropped their FY2018 earnings estimates for TELUS in a research note issued on Friday. Cormark analyst D. Mcfadgen now expects that the Wireless communications provider will post earnings per share of $2.12 for the year, down from their prior forecast of $2.23. Cormark also issued estimates for TELUS’s FY2019 earnings at $2.31 EPS.
A number of other equities analysts have also weighed in on TU. Zacks Investment Research lowered shares of TELUS from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Scotiabank upgraded shares of TELUS from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, October 25th. Royal Bank of Canada upgraded shares of TELUS from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $47.00 to $51.00 in a research report on Friday, November 10th. Barclays raised their price objective on shares of TELUS from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. Finally, Morgan Stanley raised their price objective on shares of TELUS from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $45.14.
TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Thursday, February 8th. The Wireless communications provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. TELUS had a return on equity of 18.76% and a net margin of 10.94%. TELUS’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be given a $0.402 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 4.51%. TELUS’s dividend payout ratio (DPR) is currently 81.12%.
Hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new position in shares of TELUS in the third quarter valued at approximately $658,000. Crossmark Global Holdings Inc. bought a new position in shares of TELUS in the third quarter valued at approximately $8,287,000. Aurora Investment Counsel bought a new position in shares of TELUS in the fourth quarter valued at approximately $2,151,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of TELUS by 19.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 75,064 shares of the Wireless communications provider’s stock valued at $2,700,000 after acquiring an additional 12,126 shares during the period. Finally, Virginia Retirement Systems ET AL bought a new position in shares of TELUS in the third quarter valued at approximately $5,096,000. Institutional investors own 51.20% of the company’s stock.
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.
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