TELUS Corporation (NYSE:TU – Get Free Report) (TSE:T) has been given an average rating of “Reduce” by the sixteen research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $15.3333.
Several analysts recently weighed in on the company. Bank of America reissued an “underperform” rating on shares of TELUS in a report on Tuesday, August 4th. Barclays set a $11.00 price objective on TELUS and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Wall Street Zen downgraded TELUS from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. TD Cowen upgraded shares of TELUS from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings downgraded shares of TELUS from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, August 5th.
View Our Latest Research Report on TU
Institutional Trading of TELUS
TELUS Stock Up 0.4%
TELUS stock opened at $9.62 on Wednesday. The company’s 50-day moving average price is $10.79 and its two-hundred day moving average price is $12.26. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 1.88. The stock has a market cap of $15.15 billion, a P/E ratio of -23.48, a P/E/G ratio of 9.42 and a beta of 0.64. TELUS has a twelve month low of $9.20 and a twelve month high of $16.72.
TELUS (NYSE:TU – Get Free Report) (TSE:T) last issued its quarterly earnings data on Friday, July 31st. The Wireless communications provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). TELUS had a positive return on equity of 8.01% and a negative net margin of 4.51%.The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.55 billion. As a group, analysts expect that TELUS will post 0.57 EPS for the current year.
TELUS Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.75 dividend on an annualized basis and a yield of 7.8%. TELUS’s dividend payout ratio is currently -295.12%.
TELUS Company Profile
TELUS Corporation (NYSE: TU) is a Canadian telecommunications and technology company headquartered in Vancouver, British Columbia. It delivers a broad portfolio of consumer and business communications services across Canada, including mobile wireless, fixed-line voice, broadband internet, and television. TELUS also provides a range of enterprise services such as cloud and IT solutions, managed network services, cybersecurity and Internet of Things (IoT) offerings for business customers.
Beyond core connectivity, TELUS has expanded into health and digital services.
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