TELUS (NYSE:TU) Hits New 12-Month Low – Time to Sell?

TELUS Corporation (NYSE:TU) (TSE:T) shares reached a new 52-week low during trading on Monday . The stock traded as low as $10.93 and last traded at $10.9550, with a volume of 276621 shares changing hands. The stock had previously closed at $11.10.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TU shares. Wall Street Zen upgraded shares of TELUS from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Bank of America upgraded TELUS from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.50 to $16.00 in a research report on Tuesday, March 10th. Canaccord Genuity Group cut TELUS from a “buy” rating to a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings downgraded TELUS from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Finally, TD Cowen raised TELUS from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $16.33.

TELUS Stock Down 2.1%

The firm’s 50 day moving average is $12.20 and its two-hundred day moving average is $12.90. The firm has a market cap of $17.10 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 10.91 and a beta of 0.61. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 1.59.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. TELUS had a net margin of 4.54% and a return on equity of 8.29%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the company earned $0.26 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. As a group, research analysts anticipate that TELUS Corporation will post 0.71 EPS for the current fiscal year.

TELUS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.4184 per share. This represents a $1.67 annualized dividend and a yield of 15.4%. The ex-dividend date is Wednesday, June 10th. TELUS’s dividend payout ratio (DPR) is 275.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP raised its holdings in shares of TELUS by 11.0% during the third quarter. First Trust Advisors LP now owns 7,478,636 shares of the Wireless communications provider’s stock worth $117,922,000 after acquiring an additional 743,471 shares during the period. K.J. Harrison & Partners Inc boosted its stake in TELUS by 307.9% in the 4th quarter. K.J. Harrison & Partners Inc now owns 222,192 shares of the Wireless communications provider’s stock worth $2,933,000 after purchasing an additional 167,714 shares during the period. Vanguard Group Inc. increased its holdings in TELUS by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 29,470,046 shares of the Wireless communications provider’s stock worth $388,415,000 after purchasing an additional 916,459 shares in the last quarter. Letko Brosseau & Associates Inc. increased its holdings in TELUS by 2.2% during the 4th quarter. Letko Brosseau & Associates Inc. now owns 6,775,387 shares of the Wireless communications provider’s stock worth $89,416,000 after purchasing an additional 148,325 shares in the last quarter. Finally, Purpose Unlimited Inc. acquired a new stake in shares of TELUS in the 4th quarter valued at about $16,660,000. Institutional investors own 49.40% of the company’s stock.

About TELUS

TELUS Corporation (NYSE: TU) is a Canadian telecommunications and technology company headquartered in Vancouver, British Columbia. It delivers a broad portfolio of consumer and business communications services across Canada, including mobile wireless, fixed-line voice, broadband internet, and television. TELUS also provides a range of enterprise services such as cloud and IT solutions, managed network services, cybersecurity and Internet of Things (IoT) offerings for business customers.

Beyond core connectivity, TELUS has expanded into health and digital services.