TELUS (NYSE:TU) Reaches New 1-Year Low at $15.16

TELUS Co. (NYSE:TU) (TSE:T) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $15.16 and last traded at $15.26, with a volume of 421277 shares changing hands. The stock had previously closed at $15.53.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TU. StockNews.com lowered TELUS from a “hold” rating to a “sell” rating in a report on Friday, June 14th. Scotiabank restated a “sector perform” rating and set a $26.00 price objective (down previously from $28.00) on shares of TELUS in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.72.

TELUS Price Performance

The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.70 and a current ratio of 0.75. The stock has a market cap of $22.41 billion, a PE ratio of 38.92, a PEG ratio of 2.25 and a beta of 0.73. The stock has a 50 day moving average of $16.17 and a two-hundred day moving average of $16.93.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results on Thursday, May 9th. The Wireless communications provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. TELUS had a net margin of 3.73% and a return on equity of 7.90%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.73 billion. Equities analysts anticipate that TELUS Co. will post 0.76 EPS for the current year.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 10th will be given a $0.282 dividend. This represents a $1.13 annualized dividend and a dividend yield of 7.43%. The ex-dividend date of this dividend is Monday, June 10th. This is a boost from TELUS’s previous quarterly dividend of $0.28. TELUS’s dividend payout ratio (DPR) is 287.18%.

Hedge Funds Weigh In On TELUS

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Advisors LLC purchased a new position in shares of TELUS during the 1st quarter valued at $213,000. Virtu Financial LLC increased its position in TELUS by 20.8% in the 1st quarter. Virtu Financial LLC now owns 25,524 shares of the Wireless communications provider’s stock worth $409,000 after purchasing an additional 4,394 shares during the last quarter. Tidal Investments LLC raised its stake in shares of TELUS by 85.8% during the 1st quarter. Tidal Investments LLC now owns 19,540 shares of the Wireless communications provider’s stock worth $313,000 after purchasing an additional 9,024 shares in the last quarter. Bayesian Capital Management LP lifted its holdings in shares of TELUS by 90.2% during the 1st quarter. Bayesian Capital Management LP now owns 75,300 shares of the Wireless communications provider’s stock valued at $1,206,000 after buying an additional 35,700 shares during the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of TELUS in the 1st quarter valued at approximately $649,000. Hedge funds and other institutional investors own 49.40% of the company’s stock.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.