TELUS (TU) Stock Rating Lowered by Zacks Investment Research

TELUS (NYSE:TU) (TSE:T) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “TELUS reported weak fourth-quarter 2017 financial results, with both the bottom line ad top line lagging the Zacks Consensus Estimate. Moreover, TELUS continues to face fierce competition in both the wireless and wireline segments. In the wireless segment, it competes against Rogers Communications and Bell Canada. Cable TV operators such as Shaw Communications poses threat on the wireline side. In the past three months, the stock declined 5.4% as against the industry's 2% loss.However, TELUS continues to benefit from massive wireless subscriber gain, increased penetration of smartphones, higher average revenue per unit, accelerating wireless data services and growing wireline fiber optic networks. Buyout of Voxpro will expand TELUS International's U.S. track. The company has consolidated its foothold in the Internet of Things market and is focusing on its PureFibre network business.”

TU has been the topic of a number of other reports. Scotiabank upgraded shares of TELUS from a “sector perform” rating to an “outperform” rating in a report on Wednesday, October 25th. TD Securities raised shares of TELUS from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Barclays increased 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. Morgan Stanley increased 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. Finally, Royal Bank of Canada raised shares of TELUS from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $47.00 to $51.00 in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $45.14.

TELUS (NYSE:TU) traded down $0.31 during trading hours on Tuesday, hitting $35.59. 149,234 shares of the stock were exchanged, compared to its average volume of 410,847. TELUS has a twelve month low of $31.28 and a twelve month high of $38.50. The company has a market cap of $21,189.01, a PE ratio of 18.90, a P/E/G ratio of 2.07 and a beta of 0.88. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 1.48.

TELUS (NYSE:TU) (TSE:T) last released its quarterly 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). TELUS had a net margin of 10.94% and a return on equity of 18.78%. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the prior year, the business posted $0.53 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. equities analysts expect that TELUS will post 2.15 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Barometer Capital Management Inc. purchased a new position in shares of TELUS in the 4th quarter valued at approximately $352,000. Timber Hill LLC purchased a new position in shares of TELUS in the 4th quarter valued at approximately $258,000. Bank of New York Mellon Corp raised its position in shares of TELUS by 1.7% in the 4th quarter. Bank of New York Mellon Corp now owns 233,370 shares of the Wireless communications provider’s stock valued at $8,838,000 after purchasing an additional 3,816 shares during the last quarter. Cidel Asset Management Inc. raised its position in TELUS by 11.0% during the 4th quarter. Cidel Asset Management Inc. now owns 1,861,546 shares of the Wireless communications provider’s stock worth $70,517,000 after buying an additional 184,170 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in TELUS by 13.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 12,515,810 shares of the Wireless communications provider’s stock worth $473,974,000 after buying an additional 1,466,319 shares during the last quarter. 51.29% of the stock is owned by hedge funds and other institutional investors.

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TELUS Company Profile

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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