Somewhat Positive Press Coverage Somewhat Unlikely to Impact TELUS Corporation (TU) Share Price
Headlines about TELUS Corporation (NYSE:TU) (TSE:T) have been trending somewhat positive on Sunday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TELUS Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news articles about the Wireless communications provider an impact score of 46.5328538882082 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s rankings:
- TELUS Corporation (TU) versus Its Rivals Financial Comparison (americanbankingnews.com)
- TELUS Corp. breached its 50 day moving average in a Bearish Manner : TU-US : October 6, 2017 (finance.yahoo.com)
- Public Service Announcement: TELUS services restored throughout southeastern Alberta (finance.yahoo.com)
- TELUS empowers Ontario youth to take five and rise above … – Marketwired (press release) (marketwired.com)
- Stock in Buy Zone: TELUS Corporation (TU) | Street Observer – Street Observer (press release) (streetobserver.com)
TU has been the topic of several recent analyst reports. Zacks Investment Research upgraded TELUS Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Friday, July 14th. BidaskClub upgraded TELUS Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. BMO Capital Markets boosted their target price on TELUS Corporation from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, August 14th. Finally, Barclays PLC boosted their target price on TELUS Corporation from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. TELUS Corporation has a consensus rating of “Buy” and a consensus price target of $43.50.
TELUS Corporation (NYSE TU) opened at 35.80 on Friday. The firm has a market cap of $21.27 billion, a PE ratio of 20.83 and a beta of 0.89. TELUS Corporation has a 52-week low of $30.31 and a 52-week high of $36.94. The firm’s 50-day moving average price is $35.97 and its 200 day moving average price is $34.56.
TELUS Corporation (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, August 11th. The Wireless communications provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). TELUS Corporation had a net margin of 9.55% and a return on equity of 18.75%. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the business posted $0.70 EPS. TELUS Corporation’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that TELUS Corporation will post $2.13 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were paid a $0.3884 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.55 annualized dividend and a dividend yield of 4.34%. TELUS Corporation’s payout ratio is currently 100.00%.
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TELUS Corporation Company Profile
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.
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