TELUS Co. (NYSE:TU) Receives Consensus Rating of "Hold" from Brokerages

Shares of TELUS Co. (NYSE:TU - Get Free Report) TSE: T have received an average recommendation of "Hold" from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $21.50.

TU has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their target price on shares of TELUS from $20.25 to $21.50 and gave the stock a "hold" rating in a research report on Monday, May 12th. Bank of America lowered TELUS from a "buy" rating to a "neutral" rating in a research note on Friday, March 21st. National Bankshares restated a "sector perform" rating on shares of TELUS in a research report on Monday, May 12th. Finally, Cormark cut TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. grew its position in shares of TELUS by 25.6% in the 4th quarter. Ameriprise Financial Inc. now owns 528,246 shares of the Wireless communications provider's stock worth $7,249,000 after buying an additional 107,806 shares during the last quarter. American Century Companies Inc. lifted its stake in TELUS by 4.6% in the fourth quarter. American Century Companies Inc. now owns 119,665 shares of the Wireless communications provider's stock worth $1,623,000 after acquiring an additional 5,286 shares during the period. Northern Trust Corp boosted its holdings in TELUS by 41.9% in the fourth quarter. Northern Trust Corp now owns 779,525 shares of the Wireless communications provider's stock valued at $10,570,000 after acquiring an additional 230,234 shares in the last quarter. LPL Financial LLC increased its position in TELUS by 2.7% during the 4th quarter. LPL Financial LLC now owns 279,527 shares of the Wireless communications provider's stock valued at $3,790,000 after purchasing an additional 7,447 shares during the period. Finally, Legal & General Group Plc bought a new position in TELUS in the 4th quarter worth $190,000. Hedge funds and other institutional investors own 49.40% of the company's stock.

TELUS Price Performance

Shares of TU stock traded down $0.13 during trading hours on Friday, hitting $16.13. 2,544,682 shares of the company's stock were exchanged, compared to its average volume of 2,931,517. The company has a market capitalization of $24.42 billion, a PE ratio of 32.92, a PEG ratio of 5.18 and a beta of 0.74. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.52. TELUS has a 12-month low of $13.24 and a 12-month high of $17.27. The business's 50 day simple moving average is $15.46 and its 200-day simple moving average is $14.91.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.2989 per share. This is a positive change from TELUS's previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date is Tuesday, June 10th. TELUS's dividend payout ratio is currently 212.28%.

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.