TELUS Corporation (NYSE:TU) (TSE:T) – Equities researchers at Cormark issued their Q3 2017 earnings per share (EPS) estimates for shares of TELUS Corporation in a report released on Monday. Cormark analyst D. Mcfadgen expects that the Wireless communications provider will post earnings per share of $0.50 for the quarter. Cormark also issued estimates for TELUS Corporation’s FY2017 earnings at $2.04 EPS and FY2018 earnings at $2.15 EPS.

A number of other research analysts have also recently issued reports on TU. BidaskClub cut shares of TELUS Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. BMO Capital Markets raised their price objective on shares of TELUS Corporation from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, August 14th. Barclays PLC raised their price objective on shares of TELUS Corporation from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, August 14th. Zacks Investment Research cut shares of TELUS Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Scotiabank raised shares of TELUS Corporation from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $43.50.

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TELUS Corporation (TU) opened at $36.60 on Tuesday. TELUS Corporation has a 1-year low of $30.31 and a 1-year high of $37.26. The company has a current ratio of 0.54, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The stock has a market cap of $21,633.48, a PE ratio of 18.49, a P/E/G ratio of 2.17 and a beta of 0.92.

TELUS Corporation (NYSE:TU) (TSE:T) last announced its earnings results on Friday, August 11th. The Wireless communications provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.05). TELUS Corporation had a return on equity of 18.75% and a net margin of 9.55%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the company posted $0.70 EPS. TELUS Corporation’s quarterly revenue was up 4.0% on a year-over-year basis.

Institutional investors and hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of TELUS Corporation by 1.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 766,058 shares of the Wireless communications provider’s stock valued at $26,400,000 after acquiring an additional 14,252 shares during the period. Scotia Capital Inc. raised its stake in shares of TELUS Corporation by 4.0% in the 2nd quarter. Scotia Capital Inc. now owns 2,232,103 shares of the Wireless communications provider’s stock valued at $77,066,000 after acquiring an additional 85,659 shares during the period. Federated Investors Inc. PA raised its stake in shares of TELUS Corporation by 8.7% in the 2nd quarter. Federated Investors Inc. PA now owns 229,895 shares of the Wireless communications provider’s stock valued at $7,936,000 after acquiring an additional 18,473 shares during the period. Vanguard Group Inc. raised its stake in shares of TELUS Corporation by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 4,680,743 shares of the Wireless communications provider’s stock valued at $152,031,000 after acquiring an additional 182,298 shares during the period. Finally, Sentry Investments Corp. raised its stake in shares of TELUS Corporation by 101.7% in the 2nd quarter. Sentry Investments Corp. now owns 341,800 shares of the Wireless communications provider’s stock valued at $15,302,000 after acquiring an additional 172,325 shares during the period. Institutional investors own 51.02% of the company’s stock.

About TELUS Corporation

TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

Earnings History and Estimates for TELUS Corporation (NYSE:TU)

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