TELUS Co. (NYSE:TU - Get Free Report) TSE: T shares hit a new 52-week low during trading on Wednesday . The company traded as low as $13.54 and last traded at $13.57, with a volume of 3039247 shares changing hands. The stock had previously closed at $13.75.
Analyst Ratings Changes
Several research firms have weighed in on TU. National Bank Financial cut TELUS from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 13th. Scotiabank raised shares of TELUS from a "sector perform" rating to a "sector outperform" rating in a report on Monday, October 28th. Morgan Stanley began coverage on shares of TELUS in a report on Monday, December 16th. They set an "equal weight" rating for the company. Finally, StockNews.com cut shares of TELUS from a "hold" rating to a "sell" rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $26.00.
Check Out Our Latest Stock Analysis on TU
TELUS Stock Performance
The company has a 50-day moving average price of $15.39 and a two-hundred day moving average price of $15.84. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $20.36 billion, a PE ratio of 28.87, a PEG ratio of 2.10 and a beta of 0.73.
TELUS (NYSE:TU - Get Free Report) TSE: T last released its quarterly earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.11. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The firm had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $3.69 billion. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The business's quarterly revenue was up 1.8% on a year-over-year basis. Analysts predict that TELUS Co. will post 0.73 EPS for the current fiscal year.
TELUS Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.297 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.19 annualized dividend and a dividend yield of 8.75%. This is a boost from TELUS's previous quarterly dividend of $0.28. TELUS's dividend payout ratio (DPR) is 253.19%.
Institutional Investors Weigh In On TELUS
Several hedge funds have recently added to or reduced their stakes in the company. Fairscale Capital LLC purchased a new stake in shares of TELUS in the 2nd quarter valued at $27,000. Blue Trust Inc. lifted its stake in TELUS by 58.0% in 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. Acadian Asset Management LLC bought a new position in shares of TELUS during the second quarter valued at about $123,000. Trust Co. of Vermont increased its holdings in shares of 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 period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of TELUS in the 2nd quarter valued at about $163,000. Institutional investors own 49.40% of the company's stock.
TELUS Company Profile
(
Get Free Report)
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.
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