TELUS Co. (NYSE:TU) Receives $26.00 Average PT from Analysts

TELUS Co. (NYSE:TU) (TSE:T) has received a consensus rating of “Hold” from the five research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $26.00.

A number of equities analysts have weighed in on the company. Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. StockNews.com lowered shares of TELUS from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. Morgan Stanley began coverage on TELUS in a research report on Monday, December 16th. They set an “equal weight” rating on the stock. Finally, National Bank Financial lowered TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, December 13th.

TELUS Price Performance

Shares of TU stock opened at $14.56 on Friday. TELUS has a twelve month low of $13.24 and a twelve month high of $18.16. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 4.81 and a beta of 0.74. The business’s fifty day moving average is $14.38 and its 200 day moving average is $15.52. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.50.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings data on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Research analysts expect that TELUS will post 0.72 EPS for the current fiscal year.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were given a dividend of $0.297 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.16%. This is a positive change from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, December 11th. TELUS’s payout ratio is presently 240.43%.

Institutional Investors Weigh In On TELUS

A number of hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc grew its holdings in shares of TELUS by 195,100.0% during the 4th quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider’s stock valued at $26,000 after acquiring an additional 1,951 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of TELUS by 1,756.0% during the 4th quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider’s stock valued at $65,000 after acquiring an additional 4,548 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of TELUS by 58.0% during the 3rd quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider’s stock valued at $67,000 after acquiring an additional 1,468 shares in the last quarter. Trust Co. of Vermont boosted its holdings in TELUS by 19.0% in the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Triasima Portfolio Management inc. bought a new stake in TELUS in the fourth quarter worth $146,000. Institutional investors own 49.40% of the company’s stock.

About TELUS

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.