TELUS (NYSE:TU) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of TELUS (NYSE:TU) (TSE:T) from a sell rating to a hold rating in a report published on Monday morning.

Other analysts also recently issued reports about the stock. Scotiabank upgraded shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a report on Monday, October 28th. Morgan Stanley initiated coverage on shares of TELUS in a report on Monday, December 16th. They set an “equal weight” rating on the stock. Finally, National Bank Financial downgraded shares of TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, TELUS currently has a consensus rating of “Hold” and a consensus target price of $26.00.

TELUS Stock Up 0.5 %

TU opened at $14.48 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.69. TELUS has a fifty-two week low of $13.24 and a fifty-two week high of $18.16. The firm’s fifty day moving average is $14.30 and its 200 day moving average is $15.48. The stock has a market cap of $21.71 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 4.85 and a beta of 0.75.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $3.69 billion. TELUS had a net margin of 4.56% and a return on equity of 8.80%. TELUS’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 EPS. On average, sell-side analysts forecast that TELUS will post 0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Ninepoint Partners LP raised its stake in shares of TELUS by 3.5% during the 4th quarter. Ninepoint Partners LP now owns 192,352 shares of the Wireless communications provider’s stock worth $2,608,000 after acquiring an additional 6,423 shares in the last quarter. Aviso Financial Inc. raised its stake in shares of TELUS by 2.1% during the 4th quarter. Aviso Financial Inc. now owns 336,980 shares of the Wireless communications provider’s stock worth $4,568,000 after acquiring an additional 7,073 shares in the last quarter. Amundi increased its stake in TELUS by 13.3% during the 4th quarter. Amundi now owns 1,396,362 shares of the Wireless communications provider’s stock valued at $19,409,000 after purchasing an additional 163,984 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. increased its stake in TELUS by 5.2% during the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,403,521 shares of the Wireless communications provider’s stock valued at $46,088,000 after purchasing an additional 169,577 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in TELUS during the 4th quarter valued at approximately $2,085,000. 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.