Telus (NYSE:TU) (TSE:T) has been given an average recommendation of “Buy” by the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $46.17.
A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Telus from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. TD Securities upgraded shares of Telus from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, ValuEngine upgraded shares of Telus from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.
Hedge funds have recently made changes to their positions in the company. Icon Wealth Partners LLC bought a new stake in shares of Telus in the fourth quarter worth approximately $171,000. Fairpointe Capital LLC bought a new stake in shares of Telus in the fourth quarter worth approximately $201,000. Field & Main Bank bought a new stake in shares of Telus in the fourth quarter worth approximately $216,000. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Telus in the fourth quarter worth approximately $218,000. Finally, Wells Fargo & Company MN grew its stake in shares of Telus by 38.9% in the second quarter. Wells Fargo & Company MN now owns 6,544 shares of the Wireless communications provider’s stock worth $226,000 after acquiring an additional 1,833 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.
Telus (NYSE:TU) (TSE:T) last released its quarterly earnings data 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 firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. Telus had a net margin of 10.94% and a return on equity of 18.78%. The firm’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 posted $0.53 earnings per share. sell-side analysts anticipate that Telus will post 2.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be paid a $0.402 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 4.64%. Telus’s dividend payout ratio is presently 85.19%.
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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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