TELUS Corporation (TU) PT Raised to $42.00
TELUS Corporation (NYSE:TU) (TSE:T) had its price objective upped by Barclays PLC from $41.00 to $42.00 in a report published on Friday morning. They currently have an overweight rating on the Wireless communications provider’s stock.
TU has been the subject of a number of other research reports. 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. Royal Bank Of Canada raised shares of TELUS Corporation from a sector perform rating to an outperform rating and upped their price objective for the company from $47.00 to $51.00 in a research note on Friday. Scotiabank raised shares of TELUS Corporation from a sector perform rating to an outperform rating in a research note on Wednesday, October 25th. BidaskClub cut shares of TELUS Corporation from a strong-buy rating to a buy rating in a research note on Saturday, August 12th. Finally, BMO Capital Markets upped their price objective on shares of TELUS Corporation from $46.00 to $47.00 and gave the company an outperform rating in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $45.20.
TELUS Corporation (NYSE:TU) opened at $38.06 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 1.44. TELUS Corporation has a 12 month low of $30.31 and a 12 month high of $38.47. The company has a market cap of $22,720.50, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92.
TELUS Corporation (NYSE:TU) (TSE:T) last released its quarterly earnings results on Friday, August 11th. The Wireless communications provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.05). TELUS Corporation had a return on equity of 18.72% and a net margin of 9.61%. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the firm earned $0.70 EPS. TELUS Corporation’s quarterly revenue was up 4.0% on a year-over-year basis. sell-side analysts expect that TELUS Corporation will post 2.09 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be paid a $0.505 dividend. This is a boost from TELUS Corporation’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 5.31%. TELUS Corporation’s dividend payout ratio is 97.53%.
Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its holdings in TELUS Corporation by 237.7% during 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 last quarter. Chicago Partners Investment Group LLC bought a new stake in TELUS Corporation during the 2nd quarter valued at $156,000. OLD National Bancorp IN bought a new stake in TELUS Corporation during the 3rd quarter valued at $208,000. Kassirer Asset Management Corp bought a new stake in TELUS Corporation during the 2nd quarter valued at $209,000. Finally, Wells Fargo & Company MN raised its holdings in 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 valued at $226,000 after buying an additional 1,833 shares during the last quarter. Institutional investors own 50.69% of the company’s stock.
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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