TELUS Co. (NYSE:TU) Given Consensus Rating of "Hold" by Analysts

Shares of TELUS Co. (NYSE:TU - Get Free Report) TSE: T have been given an average rating of "Hold" by the six ratings firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

A number of brokerages have weighed in on TU. StockNews.com raised shares of TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Cormark lowered shares of TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 4th. Morgan Stanley assumed coverage on TELUS in a report on Monday, December 16th. They issued an "equal weight" rating for the company. Bank of America cut TELUS from a "buy" rating to a "neutral" rating in a research note on Friday, March 21st. Finally, National Bank Financial downgraded TELUS from an "outperform" rating to a "sector perform" rating in a report on Friday, December 13th.

TELUS Trading Up 3.1 %

Shares of TU stock traded up $0.44 on Friday, reaching $14.43. 854,432 shares of the stock were exchanged, compared to its average volume of 2,729,560. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.52. The stock has a market cap of $21.85 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. The firm has a 50 day moving average of $14.88 and a two-hundred day moving average of $15.15. TELUS has a 1-year low of $13.24 and a 1-year high of $17.27.

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TELUS (NYSE:TU - Get Free Report) TSE: T last released its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. TELUS had a return on equity of 9.07% and a net margin of 4.85%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period last year, the business posted $0.10 EPS. On average, research analysts anticipate that TELUS will post 0.71 EPS for the current year.

TELUS Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th were given a $0.2829 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.13 dividend on an annualized basis and a yield of 7.84%. TELUS's payout ratio is currently 226.53%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Versant Capital Management Inc increased its holdings in TELUS by 195,100.0% during the 4th quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider's stock worth $26,000 after purchasing an additional 1,951 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of TELUS by 1,756.0% during the fourth quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider's stock worth $65,000 after buying an additional 4,548 shares in the last quarter. Optiver Holding B.V. bought a new stake in shares of TELUS in the fourth quarter worth $120,000. Blueshift Asset Management LLC acquired a new stake in TELUS in the fourth quarter valued at $142,000. Finally, Triasima Portfolio Management inc. bought a new position in TELUS during the 4th quarter valued at $146,000. Institutional investors and hedge funds own 49.40% of the company's stock.

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.