TELUS (NYSE:TU) Rating Lowered to Sell at StockNews.com

TELUS (NYSE:TU) (TSE:T) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Other equities analysts also recently issued reports about the stock. Canaccord Genuity Group downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Scotiabank raised shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TELUS presently has an average rating of “Hold” and an average target price of $26.00.

TELUS Trading Down 0.7 %

Shares of NYSE:TU opened at $15.21 on Thursday. The company’s 50-day moving average price is $16.08 and its two-hundred day moving average price is $16.07. TELUS has a one year low of $14.63 and a one year high of $19.14. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.63. The stock has a market capitalization of $22.69 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75.

TELUS (NYSE:TU) (TSE:T) last released its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.11. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $3.69 billion. TELUS had a return on equity of 8.80% and a net margin of 4.56%. TELUS’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 earnings per share. On average, equities analysts forecast that TELUS will post 0.73 EPS for the current fiscal year.

Institutional Trading of TELUS

Several hedge funds and other institutional investors have recently modified their holdings of TU. Fairscale Capital LLC acquired a new stake in TELUS during the second quarter worth approximately $27,000. Blue Trust Inc. lifted its holdings in TELUS by 60.4% during the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock worth $41,000 after purchasing an additional 954 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in TELUS in the 1st quarter valued at $58,000. Trust Co. of Vermont grew its holdings in TELUS by 19.0% in the 3rd quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock valued at $128,000 after buying an additional 1,218 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in TELUS during the 2nd quarter worth $123,000. 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.