TELUS (NYSE:TU) Hits New 12-Month Low – Should You Sell?

TELUS Corporation (NYSE:TU) (TSE:T) shares hit a new 52-week low during trading on Monday . The company traded as low as $11.40 and last traded at $11.4550, with a volume of 394052 shares trading hands. The stock had previously closed at $11.54.

Analyst Ratings Changes

Several research firms have recently commented on TU. Canaccord Genuity Group cut TELUS from a “buy” rating to a “hold” rating in a research note on Thursday, April 9th. Wall Street Zen upgraded TELUS from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Bank of America upgraded TELUS from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.50 to $16.00 in a report on Tuesday, March 10th. TD Cowen raised TELUS from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings cut TELUS from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, TELUS has an average rating of “Hold” and a consensus target price of $16.33.

TELUS Price Performance

The firm has a market cap of $17.98 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 11.34 and a beta of 0.61. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 1.59. The company has a 50 day moving average of $12.28 and a 200 day moving average of $12.97.

TELUS (NYSE:TU) (TSE:T) last posted its earnings results on Friday, May 8th. The Wireless communications provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. TELUS had a return on equity of 8.29% and a net margin of 4.54%.The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts predict that TELUS Corporation will post 0.71 EPS for the current fiscal year.

TELUS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.4184 per share. This represents a $1.67 annualized dividend and a dividend yield of 14.6%. The ex-dividend date is Wednesday, June 10th. TELUS’s payout ratio is 275.00%.

Institutional Trading of TELUS

Large investors have recently bought and sold shares of the business. Manchester Capital Management LLC lifted its stake in TELUS by 320.0% in the fourth quarter. Manchester Capital Management LLC now owns 2,247 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 1,712 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of TELUS by 129.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,473 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 1,393 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of TELUS during the fourth quarter worth $33,000. State of Wyoming acquired a new stake in shares of TELUS during the second quarter worth $61,000. Finally, Employees Retirement System of Texas acquired a new stake in shares of TELUS during the third quarter worth $64,000. 49.40% of the stock is owned by institutional investors.

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.