TELUS (NYSE:TU) Stock Rating Lowered by National Bank Financial

TELUS (NYSE:TU - Get Free Report) TSE: T was downgraded by investment analysts at National Bank Financial from an "outperform" rating to a "sector perform" rating in a research report issued on Friday, Marketbeat.com reports.

A number of other research firms also recently issued reports on TU. StockNews.com downgraded shares of TELUS from a "hold" rating to a "sell" rating in a research report on Thursday, November 21st. Scotiabank raised TELUS from a "sector perform" rating to a "sector outperform" rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, TELUS currently has a consensus rating of "Hold" and a consensus price target of $26.00.

TELUS Stock Down 1.3 %

Shares of TU traded down $0.19 during mid-day trading on Friday, hitting $14.56. 4,592,392 shares of the company traded hands, compared to its average volume of 2,364,978. The company has a market capitalization of $21.84 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 2.19 and a beta of 0.73. 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 business has a 50 day moving average of $15.74 and a 200 day moving average of $15.98. TELUS has a 1-year low of $14.40 and a 1-year high of $18.68.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.11. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $3.69 billion. TELUS had a net margin of 4.56% and a return on equity of 8.80%. TELUS's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 EPS. Equities research analysts anticipate that TELUS will post 0.73 EPS for the current year.

Hedge Funds Weigh In On TELUS

A number of hedge funds have recently bought and sold shares of the business. Fairscale Capital LLC acquired a new stake in shares of TELUS in the second quarter valued at about $27,000. Blue Trust Inc. increased its stake in TELUS by 60.4% during the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider's stock worth $41,000 after buying an additional 954 shares in the last quarter. Trust Co. of Vermont raised its holdings 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 valued at $128,000 after acquiring an additional 1,218 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of TELUS in the second quarter worth approximately $123,000. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of TELUS during the second quarter worth approximately $141,000. Hedge funds and other institutional investors 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.