TELUS Corporation (NYSE:TU) Given Consensus Rating of “Hold” by Analysts

TELUS Corporation (NYSE:TU) (TSE:T) has received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $16.3333.

Several research firms have weighed in on TU. Weiss Ratings cut TELUS from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Wall Street Zen raised TELUS from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. TD Securities raised TELUS from a “buy” rating to a “buy” rating in a research note on Tuesday, April 28th. Scotiabank lowered TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, April 10th. Finally, Bank of America raised TELUS from a “neutral” rating to a “buy” rating and raised their price objective for the company from $14.50 to $16.00 in a research note on Tuesday, March 10th.

Institutional Investors Weigh In On TELUS

Several institutional investors have recently modified their holdings of TU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of TELUS by 1.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 779,692 shares of the Wireless communications provider’s stock valued at $11,181,000 after purchasing an additional 11,900 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of TELUS by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 46,099 shares of the Wireless communications provider’s stock worth $739,000 after acquiring an additional 841 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of TELUS by 159.5% during the 2nd quarter. Legal & General Group Plc now owns 37,274 shares of the Wireless communications provider’s stock worth $597,000 after acquiring an additional 22,912 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of TELUS by 67.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,698 shares of the Wireless communications provider’s stock worth $140,000 after acquiring an additional 3,510 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of TELUS during the 2nd quarter worth approximately $3,617,000. 49.40% of the stock is owned by institutional investors.

TELUS Stock Performance

NYSE TU opened at $12.30 on Friday. The stock has a market capitalization of $19.35 billion, a PE ratio of 27.94, a P/E/G ratio of 12.07 and a beta of 0.61. The business has a 50 day simple moving average of $12.49 and a two-hundred day simple moving average of $13.08. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.67 and a quick ratio of 0.63. TELUS has a 1-year low of $11.69 and a 1-year high of $16.74.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.64 billion. TELUS had a return on equity of 8.29% and a net margin of 4.54%.The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. On average, research analysts predict that TELUS will post 0.71 EPS for the current fiscal year.

TELUS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 10th will be paid a $0.4184 dividend. This represents a $1.67 annualized dividend and a dividend yield of 13.6%. The ex-dividend date of this dividend is Wednesday, June 10th. TELUS’s dividend payout ratio (DPR) is presently 279.55%.

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.