TELUS (NYSE:TU) Sets New 1-Year Low – Here’s Why

Shares of TELUS Corporation (NYSE:TU) (TSE:T) reached a new 52-week low on Monday . The company traded as low as $13.06 and last traded at $13.0660, with a volume of 607286 shares changing hands. The stock had previously closed at $13.28.

Analyst Ratings Changes

TU has been the topic of several research reports. National Bank Financial raised TELUS from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, November 19th. Natl Bk Canada upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of TELUS in a report on Wednesday, November 19th. Barclays cut their target price on shares of TELUS from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $19.00 price target (down from $22.00) on shares of TELUS in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.17.

TELUS Stock Performance

The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.71 and a current ratio of 0.76. The firm has a market capitalization of $19.89 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 6.66 and a beta of 0.71. The business’s fifty day simple moving average is $14.95 and its 200-day simple moving average is $15.76.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings data on Friday, November 7th. The Wireless communications provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). TELUS had a net margin of 5.71% and a return on equity of 8.76%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts expect that TELUS Corporation will post 0.71 EPS for the current year.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be issued a dividend of $0.4184 per share. This is a positive change from TELUS’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $1.67 annualized dividend and a dividend yield of 12.9%. TELUS’s payout ratio is currently 220.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Parvin Asset Management LLC bought a new stake in shares of TELUS in the 2nd quarter valued at approximately $27,000. Farther Finance Advisors LLC lifted its stake in TELUS by 35.0% in the third quarter. Farther Finance Advisors LLC now owns 2,926 shares of the Wireless communications provider’s stock worth $46,000 after acquiring an additional 759 shares during the period. Blue Trust Inc. boosted its stake in shares of TELUS by 26.1% during the second quarter. Blue Trust Inc. now owns 3,227 shares of the Wireless communications provider’s stock valued at $52,000 after purchasing an additional 667 shares in the last quarter. CWM LLC boosted its position in TELUS by 169.6% during the 2nd quarter. CWM LLC now owns 3,658 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 2,301 shares in the last quarter. Finally, State of Wyoming purchased a new position in TELUS in the second quarter valued at about $61,000. 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.