Telus Corp. (TU) Trading Up 1.6%
Telus Corp. (NYSE:TU)’s share price was up 1.6% on Tuesday . The company traded as high as $33.20 and last traded at $33.20, with a volume of 96,126 shares traded. The stock had previously closed at $32.67.
A number of equities analysts have weighed in on TU shares. TD Securities lowered shares of Telus Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, March 23rd. Zacks Investment Research upgraded shares of Telus Corp. from a “sell” rating to a “hold” rating and set a $36.00 target price for the company in a research report on Monday, April 11th. Canaccord Genuity reiterated a “hold” rating on shares of Telus Corp. in a research report on Monday, May 16th. Finally, National Bank Financial lowered shares of Telus Corp. from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Wednesday, April 6th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $40.00.
The firm’s 50 day moving average price is $31.94 and its 200 day moving average price is $30.19. The company has a market cap of $19.74 billion and a price-to-earnings ratio of 19.22.
Telus Corp. (NYSE:TU) last issued its earnings results on Thursday, May 5th. The company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.07. During the same period last year, the business posted $0.70 earnings per share. The business earned $3.11 billion during the quarter, compared to analyst estimates of $3.11 billion. The business’s revenue was up 2.6% compared to the same quarter last year. On average, analysts anticipate that Telus Corp. will post $2.66 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 4th. Shareholders of record on Friday, June 10th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 5.53%. This is a positive change from Telus Corp.’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, June 8th.
Other institutional investors have modified their holdings of the company. Ashfield Capital Partners LLC raised its position in shares of Telus Corp. by 1.0% in the fourth quarter. Ashfield Capital Partners LLC now owns 40,225 shares of the company’s stock worth $1,112,000 after buying an additional 400 shares during the period. Trexquant Investment LP raised its position in shares of Telus Corp. by 35.8% in the fourth quarter. Trexquant Investment LP now owns 45,489 shares of the company’s stock worth $1,258,000 after buying an additional 11,987 shares during the period. Shell Asset Management Co. raised its position in shares of Telus Corp. by 3.6% in the fourth quarter. Shell Asset Management Co. now owns 406,077 shares of the company’s stock worth $15,537,000 after buying an additional 14,144 shares during the period. First Trust Advisors LP raised its position in shares of Telus Corp. by 17.1% in the fourth quarter. First Trust Advisors LP now owns 539,207 shares of the company’s stock worth $14,909,000 after buying an additional 78,795 shares during the period. Finally, I.G. Investment Management LTD. raised its position in shares of Telus Corp. by 9.0% in the fourth quarter. I.G. Investment Management LTD. now owns 18,726,822 shares of the company’s stock worth $518,071,000 after buying an additional 1,552,410 shares during the period.
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol, television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
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