TELUS (NYSE:TU) Upgraded at Scotiabank

TELUS (NYSE:TU - Get Free Report) TSE: T was upgraded by equities researchers at Scotiabank from a "sector perform" rating to a "sector outperform" rating in a research note issued to investors on Monday, Marketbeat Ratings reports.

TU has been the subject of a number of other research reports. Canaccord Genuity Group lowered shares of TELUS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 6th. StockNews.com raised shares of TELUS from a "sell" rating to a "hold" rating in a report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, TELUS currently has an average rating of "Hold" and an average price target of $26.00.

TELUS Trading Up 2.1 %

NYSE TU traded up $0.34 during mid-day trading on Monday, hitting $16.16. The company's stock had a trading volume of 2,731,347 shares, compared to its average volume of 2,219,171. TELUS has a 52-week low of $14.63 and a 52-week high of $19.14. The stock's fifty day simple moving average is $16.40 and its two-hundred day simple moving average is $16.14. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.66 and a quick ratio of 0.61. The firm has a market capitalization of $24.10 billion, a P/E ratio of 40.39, a price-to-earnings-growth ratio of 2.42 and a beta of 0.74.

TELUS (NYSE:TU - Get Free Report) TSE: T last posted its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.09. TELUS had a net margin of 3.87% and a return on equity of 8.50%. The business had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.70 billion. During the same period in the previous year, the company posted $0.14 earnings per share. Research analysts expect that TELUS will post 0.73 EPS for the current year.

Institutional Trading of TELUS

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fairscale Capital LLC acquired a new position in shares of TELUS in the 2nd quarter valued at about $27,000. Blue Trust Inc. increased its holdings in TELUS by 60.4% in the second quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider's stock worth $41,000 after buying an additional 954 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in TELUS in the first quarter worth approximately $58,000. Acadian Asset Management LLC acquired a new position in TELUS in the second quarter worth approximately $123,000. Finally, Trust Co. of Vermont increased its holdings in TELUS by 19.0% in the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider's stock worth $128,000 after buying an additional 1,218 shares during the last quarter. Institutional investors and hedge funds own 49.40% of the company's stock.

About TELUS

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; healthcare 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, as well as mobile and fixed voice and data telecommunications services and products.