TELUS (NYSE:TU) Rating Increased to Hold at StockNews.com

TELUS (NYSE:TUGet Free Report) (TSE:T) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

TU has been the subject of several other reports. BMO Capital Markets decreased their price objective on shares of TELUS from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday. JPMorgan Chase & Co. cut TELUS from an “overweight” rating to a “neutral” rating in a research report on Thursday, January 4th.

Get Our Latest Report on TELUS

TELUS Trading Up 0.4 %

NYSE TU traded up $0.07 on Monday, reaching $17.63. The stock had a trading volume of 2,192,427 shares, compared to its average volume of 2,304,804. The stock has a fifty day moving average price of $17.99 and a two-hundred day moving average price of $17.40. TELUS has a 12-month low of $15.47 and a 12-month high of $21.34. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $25.79 billion, a price-to-earnings ratio of 40.99, a P/E/G ratio of 3.35 and a beta of 0.75.

TELUS (NYSE:TUGet Free Report) (TSE:T) last posted its quarterly earnings data on Friday, February 9th. The Wireless communications provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. TELUS had a net margin of 4.18% and a return on equity of 7.76%. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.24 billion. During the same quarter last year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, sell-side analysts forecast that TELUS will post 0.82 EPS for the current fiscal year.

Institutional Trading of TELUS

A number of institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its stake in TELUS by 5.9% in the 2nd quarter. Cetera Investment Advisers now owns 11,475 shares of the Wireless communications provider’s stock valued at $223,000 after acquiring an additional 638 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of TELUS by 18.1% during the 2nd quarter. Captrust Financial Advisors now owns 4,669 shares of the Wireless communications provider’s stock worth $104,000 after purchasing an additional 717 shares in the last quarter. VisionPoint Advisory Group LLC lifted its stake in TELUS by 80.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,654 shares of the Wireless communications provider’s stock valued at $27,000 after buying an additional 739 shares in the last quarter. Assenagon Asset Management S.A. increased its position in TELUS by 4.7% during the second quarter. Assenagon Asset Management S.A. now owns 17,964 shares of the Wireless communications provider’s stock worth $350,000 after buying an additional 810 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of TELUS by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 23,093 shares of the Wireless communications provider’s stock worth $411,000 after acquiring an additional 828 shares during the last quarter. Hedge funds and other institutional investors own 49.48% of the company’s stock.

TELUS Company Profile

(Get Free Report)

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services.

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