TELUS Corporation (NYSE:TU – Get Free Report) (TSE:T) has received an average rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $15.6667.
TU has been the topic of several research reports. TD Cowen raised TELUS from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Canaccord Genuity Group lowered TELUS from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of TELUS in a research note on Friday, July 17th. Barclays set a $12.00 price objective on TELUS and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Finally, Raymond James Financial assumed coverage on shares of TELUS in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock.
Read Our Latest Stock Report on TELUS
TELUS Trading Up 1.0%
TELUS (NYSE:TU – Get Free Report) (TSE:T) last announced its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.64 billion. TELUS had a return on equity of 8.29% and a net margin of 4.54%.TELUS’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share. As a group, sell-side analysts anticipate that TELUS will post 0.72 earnings per share for the current fiscal year.
TELUS Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 10th were given a $0.4184 dividend. This represents a $1.67 annualized dividend and a yield of 16.4%. The ex-dividend date of this dividend was Wednesday, June 10th. TELUS’s payout ratio is currently 275.00%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of TU. PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in TELUS by 76.5% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 199,076 shares of the Wireless communications provider’s stock worth $2,133,000 after purchasing an additional 86,268 shares in the last quarter. Versant Capital Management Inc raised its holdings in TELUS by 93.2% during the second quarter. Versant Capital Management Inc now owns 33,363 shares of the Wireless communications provider’s stock valued at $353,000 after buying an additional 16,093 shares in the last quarter. Parallel Advisors LLC raised its holdings in TELUS by 2,265.5% during the first quarter. Parallel Advisors LLC now owns 19,586 shares of the Wireless communications provider’s stock valued at $251,000 after buying an additional 18,758 shares in the last quarter. Amundi lifted its position in shares of TELUS by 0.8% in the first quarter. Amundi now owns 1,563,278 shares of the Wireless communications provider’s stock worth $20,057,000 after buying an additional 11,814 shares during the last quarter. Finally, Parvin Asset Management LLC lifted its position in shares of TELUS by 119.8% in the first quarter. Parvin Asset Management LLC now owns 15,550 shares of the Wireless communications provider’s stock worth $200,000 after buying an additional 8,475 shares during the last quarter. Institutional investors own 49.40% of the company’s stock.
About TELUS
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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