TELUS Corporation (NYSE:TU) Receives Average Rating of “Moderate Buy” from Analysts

TELUS Corporation (NYSE:TU) (TSE:T) has been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.1667.

TU has been the subject of a number of research reports. National Bankshares reaffirmed an “outperform” rating on shares of TELUS in a report on Thursday, December 4th. National Bank Financial raised shares of TELUS from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, November 19th. Weiss Ratings restated a “hold (c)” rating on shares of TELUS in a research note on Monday, December 15th. Natl Bk Canada upgraded TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Finally, Barclays cut their price target on TELUS from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, November 10th.

TELUS Stock Up 0.6%

TU stock opened at $12.98 on Tuesday. The business’s 50-day moving average is $13.72 and its two-hundred day moving average is $15.24. The company has a market cap of $20.09 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 2.07 and a beta of 0.67. TELUS has a fifty-two week low of $12.54 and a fifty-two week high of $16.74. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.71 and a current ratio of 0.76.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results on Friday, November 7th. The Wireless communications provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). TELUS had a net margin of 5.71% and a return on equity of 8.76%. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the company earned $0.28 EPS. TELUS’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts forecast that TELUS will post 0.71 earnings per share for the current year.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be issued a $0.4184 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $1.67 annualized dividend and a yield of 12.9%. This is a positive change from TELUS’s previous quarterly dividend of $0.30. TELUS’s payout ratio is currently 218.18%.

Hedge Funds Weigh In On TELUS

Several large investors have recently added to or reduced their stakes in TU. Parvin Asset Management LLC purchased a new stake in shares of TELUS in the second quarter worth $27,000. Farther Finance Advisors LLC lifted its stake in shares of TELUS by 35.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,926 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 759 shares in the last quarter. Blue Trust Inc. boosted its holdings in TELUS by 26.1% in the 2nd quarter. Blue Trust Inc. now owns 3,227 shares of the Wireless communications provider’s stock worth $52,000 after buying an additional 667 shares during the period. CWM LLC boosted its holdings in TELUS by 169.6% in the 2nd quarter. CWM LLC now owns 3,658 shares of the Wireless communications provider’s stock worth $59,000 after buying an additional 2,301 shares during the period. Finally, State of Wyoming purchased a new stake in TELUS in the 2nd quarter worth $61,000. Hedge funds and other institutional investors own 49.40% of the company’s stock.

TELUS Company Profile

TELUS Corporation (NYSE: TU) is a Canadian telecommunications and technology company headquartered in Vancouver, British Columbia. It delivers a broad portfolio of consumer and business communications services across Canada, including mobile wireless, fixed-line voice, broadband internet, and television. TELUS also provides a range of enterprise services such as cloud and IT solutions, managed network services, cybersecurity and Internet of Things (IoT) offerings for business customers.

Beyond core connectivity, TELUS has expanded into health and digital services.