Equities research analysts at Bank of America Corporation initiated coverage on shares of TELUS Corporation (NYSE:TU) (TSE:T) in a research report issued on Tuesday. The brokerage set a “neutral” rating on the Wireless communications provider’s stock.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets increased their price objective on shares of TELUS Corporation from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, August 14th. BidaskClub cut shares of TELUS Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. Morgan Stanley increased their price objective on shares of TELUS Corporation from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Friday. Barclays PLC increased their price objective on shares of TELUS Corporation from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 14th. Finally, Scotiabank raised shares of TELUS Corporation from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $46.17.

TELUS Corporation (TU) opened at $38.06 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 1.44. The firm has a market cap of $22,490.00, a P/E ratio of 19.08, a P/E/G ratio of 2.33 and a beta of 0.95. TELUS Corporation has a 1 year low of $30.96 and a 1 year high of $38.47.

ILLEGAL ACTIVITY WARNING: “TELUS Corporation (TU) Coverage Initiated at Bank of America Corporation” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.watchlistnews.com/telus-corporation-tu-coverage-initiated-at-bank-of-america-corporation/1717598.html.

Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in TELUS Corporation by 237.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,782 shares of the Wireless communications provider’s stock valued at $130,000 after buying an additional 2,662 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in shares of TELUS Corporation during the 2nd quarter worth $156,000. OLD National Bancorp IN purchased a new stake in shares of TELUS Corporation during the 3rd quarter worth $208,000. Kassirer Asset Management Corp purchased a new stake in shares of TELUS Corporation during the 2nd quarter worth $209,000. Finally, Wells Fargo & Company MN lifted its position in shares of TELUS Corporation by 38.9% during the 2nd quarter. Wells Fargo & Company MN now owns 6,544 shares of the Wireless communications provider’s stock worth $226,000 after purchasing an additional 1,833 shares during the last quarter. 50.62% of the stock is owned by institutional investors.

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.

Analyst Recommendations for TELUS Corporation (NYSE:TU)

Receive News & Ratings for TELUS Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.