TELUS Co. (NYSE:TU) (TSE:T) shares are going to split before the market opens on Wednesday, March 18th. The 2-1 split was announced on Thursday, February 13th. The newly minted shares will be payable to shareholders after the market closes on Tuesday, March 17th.
Shares of NYSE:TU opened at $33.43 on Monday. The company has a market capitalization of $17.94 billion, a PE ratio of 15.20, a PEG ratio of 2.22 and a beta of 0.70. TELUS has a 12-month low of $29.48 and a 12-month high of $41.81. The business has a 50 day moving average of $38.98 and a two-hundred day moving average of $37.62. The company has a current ratio of 0.78, a quick ratio of 0.70 and a debt-to-equity ratio of 1.61.
TELUS (NYSE:TU) (TSE:T) last posted its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.15. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.85 billion. TELUS had a return on equity of 16.37% and a net margin of 11.92%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. Equities research analysts predict that TELUS will post 2.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This is a boost from TELUS’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.26%. TELUS’s payout ratio is 79.09%.
A number of research firms have recently commented on TU. Canaccord Genuity restated a “hold” rating and issued a $54.00 price objective on shares of TELUS in a research report on Friday, February 14th. National Bank Financial cut TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 14th. Desjardins restated a “buy” rating on shares of TELUS in a research report on Thursday, February 27th. BMO Capital Markets reiterated a “hold” rating and set a $56.00 price target on shares of TELUS in a research report on Friday, February 14th. Finally, CIBC reiterated a “hold” rating and set a $54.00 price target on shares of TELUS in a research report on Friday, February 14th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $54.33.
Large investors have recently modified their holdings of the business. Executive Wealth Management LLC acquired a new position in shares of TELUS in the 3rd quarter valued at $28,000. Stonebridge Financial Planning Group LLC acquired a new position in shares of TELUS in the 4th quarter valued at $89,000. Ancora Advisors LLC acquired a new position in shares of TELUS in the 4th quarter valued at $94,000. Van ECK Associates Corp lifted its stake in shares of TELUS by 171.6% in the 4th quarter. Van ECK Associates Corp now owns 2,648 shares of the Wireless communications provider’s stock valued at $102,000 after purchasing an additional 1,673 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in shares of TELUS in the 4th quarter valued at $110,000. Institutional investors own 50.82% of the company’s stock.
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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