TELUS (NYSE:TU) Downgraded to Sector Perform Rating by National Bank Financial

TELUS (NYSE:TU) (TSE:T) was downgraded by equities research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report issued on Friday, MarketBeat reports.

A number of other brokerages also recently weighed in on TU. Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. StockNews.com downgraded TELUS from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.00.

TELUS Trading Down 1.4 %

Shares of TELUS stock opened at $14.55 on Friday. The company has a market capitalization of $21.83 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 2.10 and a beta of 0.73. The stock has a fifty day simple moving average of $15.70 and a 200 day simple moving average of $15.97. TELUS has a 12-month low of $14.40 and a 12-month high of $18.68. 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 posted its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.11. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business posted $0.19 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts anticipate that TELUS will post 0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fairscale Capital LLC bought a new stake in TELUS during the 2nd quarter valued at $27,000. Blue Trust Inc. grew 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 valued at $41,000 after purchasing an additional 954 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of TELUS during the 2nd quarter valued at $123,000. Trust Co. of Vermont lifted its holdings in TELUS by 19.0% during the 3rd 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 in the last quarter. Finally, Unique Wealth Strategies LLC bought a new position in TELUS in the 2nd quarter worth about $141,000. Institutional investors own 49.40% of the company’s stock.

TELUS Company Profile

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.