TELUS Corporation (NYSE:TU) Receives $17.63 Average PT from Analysts

Shares of TELUS Corporation (NYSE:TU) (TSE:T) have received an average recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $17.6250.

Several research firms recently weighed in on TU. Canaccord Genuity Group downgraded TELUS from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. Bank of America upgraded TELUS from a “neutral” rating to a “buy” rating and lifted their target price for the company from $14.50 to $16.00 in a research report on Tuesday, March 10th. TD Securities downgraded TELUS from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Wall Street Zen downgraded TELUS from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of TELUS in a research report on Friday, March 27th.

Hedge Funds Weigh In On TELUS

Large investors have recently made changes to their positions in the business. Parvin Asset Management LLC purchased a new position in shares of TELUS in the second quarter valued at about $27,000. Manchester Capital Management LLC lifted its position in shares of TELUS by 320.0% in the fourth quarter. Manchester Capital Management LLC now owns 2,247 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 1,712 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in shares of TELUS by 129.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,473 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 1,393 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of TELUS in the fourth quarter valued at about $33,000. Finally, Farther Finance Advisors LLC lifted its position in shares of TELUS by 35.0% in the third quarter. Farther Finance Advisors LLC now owns 2,926 shares of the Wireless communications provider’s stock valued at $46,000 after acquiring an additional 759 shares in the last quarter. 49.40% of the stock is currently owned by hedge funds and other institutional investors.

TELUS Stock Performance

TU stock opened at $12.33 on Thursday. The company has a market cap of $19.09 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 1.82 and a beta of 0.68. TELUS has a 1 year low of $11.69 and a 1 year high of $16.74. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.86 and a quick ratio of 0.81. The stock’s fifty day moving average price is $13.28 and its 200-day moving average price is $13.72.

TELUS (NYSE:TU) (TSE:T) last released its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.85 billion. TELUS had a net margin of 5.42% and a return on equity of 8.42%. During the same quarter last year, the firm posted $0.25 earnings per share. On average, equities analysts forecast that TELUS will post 0.71 earnings per share for the current year.

TELUS Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were given a dividend of $0.4184 per share. The ex-dividend date was Wednesday, March 11th. This represents a $1.67 annualized dividend and a yield of 13.6%. TELUS’s payout ratio is 236.54%.

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.