TELUS Co. (NYSE:TU) Receives $26.00 Consensus PT from Analysts

Shares of TELUS Co. (NYSE:TU) (TSE:T) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $26.00.

Several equities research analysts have issued reports on the company. Morgan Stanley assumed coverage on TELUS in a report on Monday. They set an “equal weight” rating for the company. National Bank Financial downgraded TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, December 13th. StockNews.com downgraded TELUS from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Finally, Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Fairscale Capital LLC bought a new position in shares of TELUS in the second quarter worth $27,000. Blue Trust Inc. increased its position in shares of TELUS by 60.4% in the second quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock worth $41,000 after purchasing an additional 954 shares during the period. Acadian Asset Management LLC bought a new position in shares of TELUS in the second quarter worth $123,000. Trust Co. of Vermont increased its position in shares of TELUS by 19.0% in the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 1,218 shares during the period. Finally, Unique Wealth Strategies LLC bought a new position in shares of TELUS in the second quarter worth $141,000. Institutional investors own 49.40% of the company’s stock.

TELUS Trading Down 2.3 %

NYSE TU opened at $14.05 on Friday. The stock has a 50 day moving average of $15.62 and a 200-day moving average of $15.94. TELUS has a 12 month low of $14.00 and a 12 month high of $18.55. The company has a market cap of $21.08 billion, a PE ratio of 29.89, a PEG ratio of 2.10 and a beta of 0.73. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.11. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the firm posted $0.19 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts anticipate that TELUS will post 0.73 EPS for the current fiscal year.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.297 per share. This is a boost from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.19 annualized dividend and a yield of 8.46%. TELUS’s dividend payout ratio (DPR) is presently 253.19%.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.