TELUS Corporation (NYSE:TU) Given Consensus Rating of "Hold" by Brokerages

TELUS Corporation (NYSE:TU - Get Free Report) TSE: T has received an average recommendation of "Hold" from the eight brokerages that are presently covering the stock, Marketbeat.com 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 brokerages that have covered the stock in the last year is $21.50.

TU has been the topic of several recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of TELUS in a research note on Wednesday, October 8th. Scotiabank reissued an "outperform" rating on shares of TELUS in a research note on Tuesday, July 15th.

Institutional Trading of TELUS

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of TELUS by 26.1% in the second quarter. Blue Trust Inc. now owns 3,227 shares of the Wireless communications provider's stock valued at $52,000 after purchasing an additional 667 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of TELUS by 35.0% in the third quarter. Farther Finance Advisors LLC now owns 2,926 shares of the Wireless communications provider's stock valued at $46,000 after purchasing an additional 759 shares during the last quarter. Walter Public Investments Inc. raised its holdings in shares of TELUS by 2.0% in the second quarter. Walter Public Investments Inc. now owns 38,584 shares of the Wireless communications provider's stock valued at $620,000 after purchasing an additional 765 shares during the last quarter. JCIC Asset Management Inc. raised its holdings in shares of TELUS by 8.0% in the first quarter. JCIC Asset Management Inc. now owns 10,784 shares of the Wireless communications provider's stock valued at $155,000 after purchasing an additional 795 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in shares of TELUS by 10.5% in the first quarter. Trust Co. of Vermont now owns 8,423 shares of the Wireless communications provider's stock valued at $121,000 after purchasing an additional 800 shares during the last quarter. 49.40% of the stock is currently owned by institutional investors and hedge funds.

TELUS Stock Down 0.3%

TELUS stock opened at $15.09 on Thursday. The company's 50 day simple moving average is $16.00 and its 200 day simple moving average is $15.80. TELUS has a fifty-two week low of $13.24 and a fifty-two week high of $16.74. The firm has a market capitalization of $23.16 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 4.48 and a beta of 0.71. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.86 and a quick ratio of 0.81.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its quarterly earnings data on Friday, August 1st. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). TELUS had a return on equity of 9.10% and a net margin of 4.67%.The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the previous year, the business earned $0.25 EPS. The firm's revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that TELUS will post 0.71 EPS for the current year.

TELUS Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th were issued a dividend of $0.3019 per share. This is an increase from TELUS's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, September 10th. This represents a $1.21 annualized dividend and a yield of 8.0%. TELUS's dividend payout ratio is 263.04%.

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.

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