TELUS Co. (NYSE:TU) (TSE:T) has been given an average rating of “Buy” by the ten brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $40.00.
A number of analysts have weighed in on TU shares. Zacks Investment Research cut TELUS from a “hold” rating to a “sell” rating in a research report on Monday, January 28th. TheStreet raised TELUS from a “c+” rating to a “b-” rating in a research report on Thursday, April 4th. Echelon Wealth Partners reaffirmed a “buy” rating on shares of TELUS in a research report on Friday, February 15th. Royal Bank of Canada reaffirmed a “buy” rating on shares of TELUS in a research report on Tuesday, April 9th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of TELUS in a research report on Friday, February 15th.
Shares of NYSE TU opened at $36.68 on Friday. The stock has a market capitalization of $21.85 billion, a P/E ratio of 17.14, a PEG ratio of 2.10 and a beta of 0.83. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.28. TELUS has a 52-week low of $32.46 and a 52-week high of $37.84.
A number of institutional investors have recently bought and sold shares of TU. Van ECK Associates Corp acquired a new stake in shares of TELUS in the 4th quarter valued at approximately $25,000. Proficio Capital Partners LLC lifted its holdings in shares of TELUS by 199.7% in the 4th quarter. Proficio Capital Partners LLC now owns 959 shares of the Wireless communications provider’s stock valued at $32,000 after buying an additional 639 shares during the period. Financial Gravity Companies Inc. acquired a new stake in shares of TELUS in the 4th quarter valued at approximately $38,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of TELUS in the 4th quarter valued at approximately $51,000. Finally, Enlightenment Research LLC acquired a new stake in shares of TELUS in the 4th quarter valued at approximately $60,000. 50.55% of the stock is owned by institutional investors.
TELUS Company Profile
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.
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