TELUS Corporation (NYSE:TU) Receives $17.63 Consensus Target Price from Brokerages

Shares of TELUS Corporation (NYSE:TU) (TSE:T) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $17.6250.

Several analysts have recently issued reports on TU shares. BMO Capital Markets lowered shares of TELUS from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 11th. Citigroup upgraded shares of TELUS to a “buy” rating in a report on Thursday, December 4th. Canaccord Genuity Group raised shares of TELUS from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. National Bank Financial reissued an “outperform” rating on shares of TELUS in a research report on Thursday, December 4th. Finally, Wall Street Zen downgraded TELUS from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TU. FIL Ltd boosted its holdings in shares of TELUS by 112.9% in the 4th quarter. FIL Ltd now owns 30,300,204 shares of the Wireless communications provider’s stock worth $399,352,000 after buying an additional 16,066,539 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in TELUS by 258.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,816,565 shares of the Wireless communications provider’s stock worth $261,727,000 after acquiring an additional 14,285,486 shares during the period. Norges Bank bought a new stake in TELUS in the fourth quarter worth about $83,707,000. Arrowstreet Capital Limited Partnership boosted its stake in TELUS by 114.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 6,450,381 shares of the Wireless communications provider’s stock valued at $103,624,000 after acquiring an additional 3,439,940 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new position in shares of TELUS during the 2nd quarter valued at approximately $51,091,000. Institutional investors own 49.40% of the company’s stock.

TELUS Price Performance

TU stock opened at $13.14 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.81 and a current ratio of 0.86. The business has a 50-day simple moving average of $13.66 and a two-hundred day simple moving average of $14.14. The company has a market capitalization of $20.34 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 1.96 and a beta of 0.68. TELUS has a 52-week low of $12.54 and a 52-week high of $16.74.

TELUS (NYSE:TU) (TSE:T) last issued its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.85 billion. TELUS had a return on equity of 8.42% and a net margin of 5.42%.During the same period last year, the company earned $0.25 earnings per share. Research analysts expect that TELUS will post 0.71 EPS for the current fiscal year.

TELUS Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a dividend of $0.4184 per share. This represents a $1.67 dividend on an annualized basis and a yield of 12.7%. The ex-dividend date is Wednesday, March 11th. TELUS’s dividend payout ratio (DPR) is 236.54%.

TELUS Company Profile

TELUS Corporation (NYSE: TU) is a Canadian telecommunications and technology company headquartered in Vancouver, British Columbia. It delivers a broad portfolio of consumer and business communications services across Canada, including mobile wireless, fixed-line voice, broadband internet, and television. TELUS also provides a range of enterprise services such as cloud and IT solutions, managed network services, cybersecurity and Internet of Things (IoT) offerings for business customers.

Beyond core connectivity, TELUS has expanded into health and digital services.