TELUS (NYSE:TU) Lowered to Neutral Rating by Bank of America

TELUS (NYSE:TU - Get Free Report) TSE: T was downgraded by stock analysts at Bank of America from a "buy" rating to a "neutral" rating in a note issued to investors on Friday, Marketbeat Ratings reports.

Other equities analysts have also issued research reports about the company. Cormark lowered TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. StockNews.com upgraded TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Morgan Stanley began coverage on shares of TELUS in a report on Monday, December 16th. They issued an "equal weight" rating for the company. Finally, National Bank Financial lowered shares of TELUS from an "outperform" rating to a "sector perform" rating in a report on Friday, December 13th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, TELUS presently has an average rating of "Hold" and an average price target of $26.00.

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TELUS Price Performance

TU stock traded up $0.12 during midday trading on Friday, reaching $13.91. The company had a trading volume of 3,286,724 shares, compared to its average volume of 2,724,220. TELUS has a 1-year low of $13.24 and a 1-year high of $17.27. The stock has a 50 day moving average price of $14.84 and a 200-day moving average price of $15.24. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61. The company has a market capitalization of $21.06 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Maryland State Retirement & Pension System boosted its position in TELUS by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 88,180 shares of the Wireless communications provider's stock worth $1,197,000 after buying an additional 1,346 shares during the period. Public Sector Pension Investment Board lifted its holdings 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 period. Hillsdale Investment Management Inc. lifted its holdings in shares of TELUS by 7.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 21,733 shares of the Wireless communications provider's stock worth $294,000 after purchasing an additional 1,500 shares during the period. Beverly Hills Private Wealth LLC increased its holdings in TELUS by 9.7% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 21,492 shares of the Wireless communications provider's stock valued at $291,000 after purchasing an additional 1,901 shares during the period. Finally, Versant Capital Management Inc raised its position 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. 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.