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

TELUS Corporation (NYSE:TU) (TSE:T) has received a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $18.1667.

A number of brokerages have recently commented on TU. National Bankshares reaffirmed an “outperform” rating on shares of TELUS in a research report on Thursday, December 4th. Natl Bk Canada upgraded TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. BMO Capital Markets downgraded TELUS from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 11th. Canaccord Genuity Group raised TELUS from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of TELUS in a research note on Monday, December 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of TELUS in the 2nd quarter valued at approximately $77,455,000. Arrowstreet Capital Limited Partnership boosted its stake in TELUS by 114.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,450,381 shares of the Wireless communications provider’s stock valued at $103,624,000 after buying an additional 3,439,940 shares in the last quarter. Bessemer Group Inc. grew its position in TELUS by 1,981,964.7% in the second quarter. Bessemer Group Inc. now owns 3,428,972 shares of the Wireless communications provider’s stock valued at $54,969,000 after acquiring an additional 3,428,799 shares during the period. Picton Mahoney Asset Management acquired a new position in TELUS during the second quarter worth $51,091,000. Finally, AGF Management Ltd. lifted its holdings in shares of TELUS by 313.3% during the second quarter. AGF Management Ltd. now owns 3,174,857 shares of the Wireless communications provider’s stock valued at $51,355,000 after acquiring an additional 2,406,734 shares during the period. Institutional investors own 49.40% of the company’s stock.

TELUS Stock Up 0.8%

Shares of TU stock opened at $13.97 on Friday. TELUS has a 12 month low of $12.54 and a 12 month high of $16.74. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 1.47. The firm has a market cap of $21.63 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 2.08 and a beta of 0.66. The stock has a 50 day moving average of $13.19 and a 200-day moving average of $14.82.

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

TELUS Increases Dividend

The firm also recently disclosed 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. This represents a $1.67 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend was Thursday, December 11th. This is a positive change from TELUS’s previous quarterly dividend of $0.30. TELUS’s payout ratio is 218.18%.

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.