Telus (NYSE:TU) (TSE:T) has been assigned a consensus recommendation of “Buy” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $46.17.
Several brokerages recently issued reports on TU. Zacks Investment Research lowered shares of Telus from a “hold” rating to a “sell” rating in a report on Thursday, April 12th. TD Securities raised shares of Telus from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, ValuEngine raised shares of Telus from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Telus by 14.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 85,715 shares of the Wireless communications provider’s stock worth $3,246,000 after buying an additional 10,651 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of Telus by 36.8% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 11,900 shares of the Wireless communications provider’s stock worth $452,000 after buying an additional 3,200 shares during the period. Fairpointe Capital LLC acquired a new stake in shares of Telus during the fourth quarter worth $201,000. Raymond James & Associates lifted its stake in shares of Telus by 1.8% during the fourth quarter. Raymond James & Associates now owns 576,631 shares of the Wireless communications provider’s stock worth $21,841,000 after buying an additional 10,250 shares during the period. Finally, Two Sigma Investments LP lifted its stake in shares of Telus by 3.1% during the fourth quarter. Two Sigma Investments LP now owns 765,728 shares of the Wireless communications provider’s stock worth $29,070,000 after buying an additional 23,076 shares during the period. 51.61% of the stock is currently owned by institutional investors and hedge funds.
TU stock traded up $0.17 during trading on Thursday, hitting $35.62. 90,691 shares of the company’s stock traded hands, compared to its average volume of 422,873. The firm has a market cap of $20,984.32, a price-to-earnings ratio of 17.46, a PEG ratio of 2.05 and a beta of 0.89. 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 has a 1 year low of $32.56 and a 1 year high of $38.50.
Telus (NYSE:TU) (TSE:T) last issued its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.02). The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. Telus had a net margin of 10.94% and a return on equity of 18.78%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. analysts anticipate that Telus will post 2.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 9th were issued a $0.402 dividend. This represents a $1.61 annualized dividend and a yield of 4.51%. The ex-dividend date was Thursday, March 8th. Telus’s dividend payout ratio is currently 79.31%.
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Telus Company Profile
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.
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