TELUS Corporation (NYSE:TU) Receives $18.17 Consensus Target Price from Brokerages

TELUS Corporation (NYSE:TU) (TSE:T) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $18.1667.

Several brokerages have recently issued reports on TU. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $19.00 target price (down previously from $22.00) on shares of TELUS in a research report on Tuesday, November 18th. Barclays reduced their price target on TELUS from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of TELUS in a research report on Monday, December 29th. BMO Capital Markets downgraded shares of TELUS from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 11th. Finally, Natl Bk Canada raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th.

TELUS Stock Down 0.1%

Shares of TELUS stock opened at $13.10 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 1.47. TELUS has a 12-month low of $12.54 and a 12-month high of $16.74. The company has a market cap of $20.27 billion, a P/E ratio of 23.81, a PEG ratio of 1.97 and a beta of 0.66. The company’s fifty day simple moving average is $13.53 and its two-hundred day simple moving average is $15.13.

TELUS (NYSE:TU) (TSE:T) last announced its earnings results on Friday, November 7th. The Wireless communications provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). TELUS had a net margin of 5.71% and a return on equity of 8.76%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. Research analysts anticipate that TELUS will post 0.71 EPS for the current year.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th were issued a dividend of $0.4184 per share. The ex-dividend date was Thursday, December 11th. This is a positive change from TELUS’s previous quarterly dividend of $0.30. This represents a $1.67 annualized dividend and a dividend yield of 12.8%. TELUS’s dividend payout ratio (DPR) is 218.18%.

Institutional Trading of TELUS

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parvin Asset Management LLC bought a new position in shares of TELUS during the second quarter valued at $27,000. Farther Finance Advisors LLC grew its position in TELUS by 35.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,926 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 759 shares during the last quarter. Blue Trust Inc. increased its stake in TELUS by 26.1% during the 2nd quarter. Blue Trust Inc. now owns 3,227 shares of the Wireless communications provider’s stock valued at $52,000 after purchasing an additional 667 shares in the last quarter. CWM LLC raised its holdings in TELUS by 169.6% in the second quarter. CWM LLC now owns 3,658 shares of the Wireless communications provider’s stock worth $59,000 after buying an additional 2,301 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of TELUS in the second quarter worth approximately $61,000. Hedge funds and other institutional investors own 49.40% of the company’s stock.

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.