Shares of TELUS Co. (NYSE:TU) (TSE:T) have been assigned an average rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $46.80.

Separately, Scotiabank downgraded TELUS from an “outperform” rating to a “sector perform” rating in a report on Wednesday, October 10th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aperio Group LLC lifted its position in shares of TELUS by 30.4% in the first quarter. Aperio Group LLC now owns 7,373 shares of the Wireless communications provider’s stock valued at $259,000 after buying an additional 1,721 shares during the last quarter. BlackRock Inc. lifted its position in shares of TELUS by 29.9% in the first quarter. BlackRock Inc. now owns 2,606,029 shares of the Wireless communications provider’s stock valued at $91,628,000 after buying an additional 599,173 shares during the last quarter. Stifel Financial Corp lifted its position in shares of TELUS by 161.2% in the first quarter. Stifel Financial Corp now owns 107,543 shares of the Wireless communications provider’s stock valued at $3,781,000 after buying an additional 66,374 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of TELUS in the first quarter valued at approximately $355,000. Finally, Ostrum Asset Management lifted its position in shares of TELUS by 3,581.9% in the first quarter. Ostrum Asset Management now owns 58,322 shares of the Wireless communications provider’s stock valued at $2,047,000 after buying an additional 56,738 shares during the last quarter. 50.57% of the stock is owned by hedge funds and other institutional investors.

NYSE TU traded up $0.39 on Wednesday, reaching $34.37. The company had a trading volume of 27,901 shares, compared to its average volume of 371,772. The company has a market capitalization of $21.96 billion, a PE ratio of 16.74, a P/E/G ratio of 2.13 and a beta of 0.80. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 1.35. TELUS has a 52 week low of $33.64 and a 52 week high of $38.50.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings data on Friday, August 3rd. The Wireless communications provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.45 billion. TELUS had a return on equity of 17.45% and a net margin of 10.61%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.70 earnings per share. As a group, sell-side analysts predict that TELUS will post 2.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Monday, September 10th were given a dividend of $0.404 per share. The ex-dividend date of this dividend was Friday, September 7th. This represents a $1.62 annualized dividend and a yield of 4.70%. TELUS’s dividend payout ratio (DPR) is presently 79.31%.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.

Further Reading: Buyback For Investors Defined

Analyst Recommendations for TELUS (NYSE:TU)

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