TELUS Co. (NYSE:TU) Given Average Rating of “Buy” by Brokerages

TELUS Co. (NYSE:TU) (TSE:T) has received an average recommendation of “Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $46.50.

TU has been the subject of several recent analyst reports. Bank of America upgraded shares of TELUS from a “neutral” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Monday, September 30th. Canaccord Genuity cut shares of TELUS from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Finally, Citigroup cut shares of TELUS from a “buy” rating to a “neutral” rating in a report on Wednesday, July 3rd.

Several institutional investors have recently bought and sold shares of TU. Natixis Advisors L.P. lifted its stake in TELUS by 11.6% during the second quarter. Natixis Advisors L.P. now owns 37,101 shares of the Wireless communications provider’s stock valued at $1,369,000 after purchasing an additional 3,849 shares during the last quarter. First Trust Advisors LP lifted its stake in TELUS by 10.0% during 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 purchasing an additional 119,816 shares during the last quarter. Northern Trust Corp lifted its stake in TELUS by 2.8% during the second quarter. Northern Trust Corp now owns 582,097 shares of the Wireless communications provider’s stock valued at $21,485,000 after purchasing an additional 16,028 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in TELUS by 1.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,968,455 shares of the Wireless communications provider’s stock valued at $109,970,000 after purchasing an additional 43,569 shares during the last quarter. Finally, Fiera Capital Corp lifted its stake in TELUS by 5.6% during the second quarter. Fiera Capital Corp now owns 3,317,889 shares of the Wireless communications provider’s stock valued at $122,675,000 after purchasing an additional 176,988 shares during the last quarter. Institutional investors and hedge funds own 51.75% of the company’s stock.

NYSE TU opened at $36.33 on Friday. TELUS has a 52 week low of $32.46 and a 52 week high of $38.32. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.42. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 2.60 and a beta of 0.68. The company has a 50-day moving average price of $36.24 and a two-hundred day moving average price of $36.64.

TELUS (NYSE:TU) (TSE:T) last posted its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). TELUS had a return on equity of 16.75% and a net margin of 11.91%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.69 billion. As a group, equities research analysts expect that TELUS will post 2.2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were issued a $0.426 dividend. The ex-dividend date was Monday, September 9th. This is a boost from TELUS’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 4.69%. TELUS’s dividend payout ratio (DPR) is 78.97%.

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.

See Also: How Buying a Call Option Works

Analyst Recommendations for TELUS (NYSE:TU)

Receive News & Ratings for TELUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS and related companies with MarketBeat.com's FREE daily email newsletter.