TELUS Co. (NYSE:TU) Receives Consensus Recommendation of “Buy” from Brokerages

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Shares of TELUS Co. (NYSE:TU) (TSE:T) have received an average rating of “Buy” from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $41.00.

A number of equities analysts have issued reports on the stock. TheStreet upgraded shares of TELUS from a “c+” rating to a “b-” rating in a research report on Thursday, April 4th. Bank of America reiterated a “hold” rating on shares of TELUS in a report on Friday, May 10th. Royal Bank of Canada reiterated a “hold” rating on shares of Rogers Communications in a report on Tuesday, April 9th. Citigroup set a $95.00 price target on shares of iRobot and gave the stock a “hold” rating in a report on Wednesday, July 3rd. Finally, Barclays reiterated a “hold” rating on shares of LHC Group in a report on Sunday, May 12th.

TELUS stock traded up $0.28 during midday trading on Friday, hitting $37.21. 20,833 shares of the company’s stock were exchanged, compared to its average volume of 372,168. TELUS has a 12-month low of $32.46 and a 12-month high of $38.32. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.70 and a current ratio of 0.77. The stock has a market cap of $22.29 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73. The business has a 50 day moving average price of $37.11.

TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Thursday, May 9th. The Wireless communications provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.52 billion. TELUS had a net margin of 11.15% and a return on equity of 16.98%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Research analysts anticipate that TELUS will post 2.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, June 10th were paid a dividend of $0.4191 per share. This is an increase from TELUS’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 4.51%. The ex-dividend date was Friday, June 7th. TELUS’s payout ratio is currently 78.04%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Forsta AP Fonden raised its holdings in TELUS by 11.1% in the first quarter. Forsta AP Fonden now owns 259,489 shares of the Wireless communications provider’s stock valued at $9,611,000 after acquiring an additional 25,900 shares in the last quarter. First Trust Advisors LP raised its holdings in TELUS by 10.0% in the first quarter. First Trust Advisors LP now owns 1,320,257 shares of the Wireless communications provider’s stock valued at $48,902,000 after acquiring an additional 119,816 shares in the last quarter. Swiss National Bank raised its holdings in TELUS by 2.0% in the first quarter. Swiss National Bank now owns 700,700 shares of the Wireless communications provider’s stock valued at $25,942,000 after acquiring an additional 13,900 shares in the last quarter. Prudential PLC raised its holdings in TELUS by 11.7% in the fourth quarter. Prudential PLC now owns 29,500 shares of the Wireless communications provider’s stock valued at $977,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Sound View Wealth Advisors LLC acquired a new stake in TELUS in the first quarter valued at $208,000. Institutional investors own 51.13% of the company’s stock.

About TELUS

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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Analyst Recommendations for TELUS (NYSE:TU)

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