TELUS Co. (NYSE:TU) (TSE:T) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 1,460,000 shares, a decline of 11.0% from the January 15th total of 1,640,000 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 405,500 shares, the short-interest ratio is currently 3.6 days.

Several equities research analysts have commented on TU shares. TD Securities restated a “buy” rating and set a $61.00 target price on shares of TELUS in a research report on Friday. Scotiabank upgraded shares of TELUS from a “sector perform” rating to an “outperform” rating in a research report on Friday, November 8th. BMO Capital Markets restated a “hold” rating and set a $56.00 target price on shares of TELUS in a research report on Friday. National Bank Financial lowered shares of TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday. Finally, Canaccord Genuity restated a “hold” rating and set a $54.00 target price on shares of TELUS in a research report on Friday. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. TELUS has a consensus rating of “Buy” and an average price target of $53.43.

Shares of NYSE TU traded down $0.56 during trading on Friday, hitting $40.56. 816,063 shares of the company were exchanged, compared to its average volume of 462,809. The company has a market cap of $25.00 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 2.67 and a beta of 0.65. TELUS has a 1 year low of $34.96 and a 1 year high of $41.81. The firm’s fifty day moving average price is $39.53 and its 200 day moving average price is $37.36. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.80 and a quick ratio of 0.73.

TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.52 by $0.15. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.85 billion. TELUS had a net margin of 11.91% and a return on equity of 16.54%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. On average, research analysts forecast that TELUS will post 2.19 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given a $0.44 dividend. The ex-dividend date is Tuesday, March 10th. This is a positive change from TELUS’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 4.34%. TELUS’s payout ratio is currently 81.78%.

Several institutional investors have recently added to or reduced their stakes in the stock. TD Asset Management Inc. boosted its position in shares of TELUS by 0.6% in the 4th quarter. TD Asset Management Inc. now owns 21,984,644 shares of the Wireless communications provider’s stock worth $852,386,000 after buying an additional 137,364 shares in the last quarter. Beutel Goodman & Co Ltd. boosted its position in shares of TELUS by 7.0% in the 3rd quarter. Beutel Goodman & Co Ltd. now owns 8,527,170 shares of the Wireless communications provider’s stock worth $13,658,000 after buying an additional 557,574 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of TELUS by 0.5% in the 3rd quarter. Great West Life Assurance Co. Can now owns 6,457,351 shares of the Wireless communications provider’s stock worth $230,605,000 after buying an additional 29,565 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of TELUS by 2.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,955,088 shares of the Wireless communications provider’s stock worth $212,120,000 after buying an additional 121,028 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of TELUS by 80.3% in the 4th quarter. Toronto Dominion Bank now owns 5,945,257 shares of the Wireless communications provider’s stock worth $249,334,000 after buying an additional 2,647,801 shares in the last quarter. Institutional investors and hedge funds own 49.34% of the company’s stock.

About TELUS

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 cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

Featured Article: Diversification Important in Investing

Receive News & Ratings for TELUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS and related companies with MarketBeat.com's FREE daily email newsletter.