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

StockNews.com upgraded shares of TELUS (NYSE:TU - Free Report) TSE: T from a sell rating to a hold rating in a research note published on Monday morning.

A number of other research analysts also recently commented on TU. Morgan Stanley assumed coverage on TELUS in a research report on Monday, December 16th. They set an "equal weight" rating for the company. National Bank Financial downgraded TELUS from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 13th. Finally, Scotiabank upgraded TELUS from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, TELUS presently has an average rating of "Hold" and an average price target of $26.00.

TELUS Price Performance

TU traded up $0.14 during trading on Monday, reaching $15.39. 2,877,705 shares of the company traded hands, compared to its average volume of 3,822,860. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.69. TELUS has a 12-month low of $13.24 and a 12-month high of $18.16. The firm has a fifty day simple moving average of $14.22 and a 200 day simple moving average of $15.45. The company has a market cap of $23.08 billion, a P/E ratio of 32.73, a PEG ratio of 4.85 and a beta of 0.75.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. TELUS had a net margin of 4.56% and a return on equity of 8.80%. On average, equities analysts forecast that TELUS will post 0.72 EPS for the current year.

Institutional Trading of TELUS

A number of institutional investors have recently bought and sold shares of TU. Walter Public Investments Inc. lifted its position in shares of TELUS by 1.9% during the third quarter. Walter Public Investments Inc. now owns 38,161 shares of the Wireless communications provider's stock worth $640,000 after purchasing an additional 708 shares during the last quarter. Trust Co. of Vermont lifted its position in shares of TELUS by 19.0% during the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider's stock worth $128,000 after purchasing an additional 1,218 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in shares of TELUS by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 88,180 shares of the Wireless communications provider's stock worth $1,197,000 after purchasing an additional 1,346 shares during the last quarter. Blue Trust Inc. lifted its position in shares of TELUS by 58.0% during the third quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider's stock worth $67,000 after purchasing an additional 1,468 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of TELUS by 2.0% during the third quarter. Public Sector Pension Investment Board now owns 77,198 shares of the Wireless communications provider's stock worth $1,297,000 after purchasing an additional 1,500 shares during the last quarter. 49.40% of the stock is currently owned by institutional investors.

TELUS Company Profile

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.