TELUS Co. (NYSE:TU) Receives $26.00 Consensus PT from Brokerages

TELUS Co. (NYSE:TU - Get Free Report) TSE: T has earned a consensus rating of "Hold" from the five research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $26.00.

A number of equities research analysts have issued reports on TU shares. StockNews.com lowered TELUS from a "hold" rating to a "sell" rating in a research note on Thursday, November 21st. Scotiabank raised TELUS from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, October 28th. National Bank Financial cut TELUS from an "outperform" rating to a "sector perform" rating in a report on Friday, December 13th. Finally, Morgan Stanley started coverage on shares of TELUS in a research report on Monday, December 16th. They set an "equal weight" rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TU. B. Riley Wealth Advisors Inc. purchased a new position in shares of TELUS in the 2nd quarter worth approximately $163,000. Sanctuary Advisors LLC bought a new stake in TELUS during the 2nd quarter valued at about $680,000. SG Americas Securities LLC purchased a new stake in shares of TELUS in the third quarter valued at approximately $390,000. Pacifica Partners Inc. grew its position in shares of TELUS by 20.6% during the 3rd quarter. Pacifica Partners Inc. now owns 138,689 shares of the Wireless communications provider's stock worth $2,331,000 after buying an additional 23,663 shares in the last quarter. Finally, Tobam grew its holdings in TELUS by 451.7% during the 3rd quarter. Tobam now owns 58,515 shares of the Wireless communications provider's stock worth $982,000 after acquiring an additional 47,909 shares in the last quarter. 49.40% of the stock is currently owned by institutional investors.

TELUS Stock Performance

Shares of NYSE TU traded up $0.17 during trading on Friday, hitting $14.70. The company had a trading volume of 3,393,270 shares, compared to its average volume of 3,810,276. TELUS has a 12 month low of $13.24 and a 12 month high of $18.16. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.69. The firm has a market capitalization of $22.05 billion, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 4.81 and a beta of 0.75. The stock has a 50 day simple moving average of $14.36 and a 200 day simple moving average of $15.51.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.11. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $3.69 billion. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 earnings per share. As a group, analysts anticipate that TELUS will post 0.72 earnings per share for the current year.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were paid a $0.297 dividend. This is an increase from TELUS's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.19 dividend on an annualized basis and a yield of 8.08%. TELUS's payout ratio is presently 242.56%.

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.