Telus Corp. (NYSE:TU) shares traded down 0.7% during mid-day trading on Friday . The stock traded as low as $32.81 and last traded at $32.98, with a volume of 92,233 shares traded. The stock had previously closed at $33.20.

TU has been the subject of a number of analyst reports. Zacks Investment Research lowered Telus Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. TD Securities lowered Telus Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, March 23rd. National Bank Financial lowered Telus Corp. from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Wednesday, April 6th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Telus Corp. in a research report on Monday, May 16th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $40.00.

The company’s 50 day moving average is $32.06 and its 200 day moving average is $30.25. The firm has a market cap of $19.49 billion and a price-to-earnings ratio of 19.05.

Telus Corp. (NYSE:TU) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by $0.07. The company earned $3.11 billion during the quarter, compared to analysts’ expectations of $3.11 billion. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.70 EPS. Analysts anticipate that Telus Corp. will post $2.66 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 4th. Investors of record on Friday, June 10th were issued a $0.46 dividend. This is an increase from Telus Corp.’s previous quarterly dividend of $0.32. The ex-dividend date was Wednesday, June 8th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 5.60%.

Several hedge funds have recently made changes to their positions in TU. I.G. Investment Management LTD. raised its stake 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 last quarter. First Trust Advisors LP raised its stake 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 last quarter. Ashfield Capital Partners LLC raised its stake 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 last quarter. Finally, Trexquant Investment LP raised its stake 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 last quarter.

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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