TELUS Corporation (NYSE:TU) Receives Average Rating of "Hold" from Brokerages

Key Points

• Analysts have given TELUS Corporation a consensus rating of "Hold", with one buy rating and six hold ratings among seven research firms covering the stock.
• The average 1-year target price for TELUS is $21.50, which is a key figure for potential investors to consider.
• TELUS recently increased its quarterly dividend to $0.3019, resulting in an annual yield of 7.6%.

Shares of TELUS Corporation (NYSE:TU - Get Free Report) TSE: T have received an average recommendation of "Hold" from the seven brokerages that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $21.50.

Separately, Scotiabank reiterated an "outperform" rating on shares of TELUS in a research report on Tuesday, July 15th.

Institutional Trading of TELUS

A number of large investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its position in TELUS by 22.6% during the fourth quarter. Mackenzie Financial Corp now owns 49,232,693 shares of the Wireless communications provider's stock valued at $667,840,000 after purchasing an additional 9,068,181 shares during the last quarter. Vanguard Group Inc. lifted its position in TELUS by 1.5% during the first quarter. Vanguard Group Inc. now owns 26,185,917 shares of the Wireless communications provider's stock valued at $375,585,000 after purchasing an additional 384,510 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its position in TELUS by 9.2% during the first quarter. Federation des caisses Desjardins du Quebec now owns 22,899,251 shares of the Wireless communications provider's stock valued at $328,588,000 after purchasing an additional 1,938,521 shares during the last quarter. Scotia Capital Inc. lifted its position in TELUS by 1.6% during the second quarter. Scotia Capital Inc. now owns 18,842,084 shares of the Wireless communications provider's stock valued at $302,519,000 after purchasing an additional 288,532 shares during the last quarter. Finally, Fiera Capital Corp lifted its position in TELUS by 1.2% during the first quarter. Fiera Capital Corp now owns 16,270,907 shares of the Wireless communications provider's stock valued at $233,606,000 after purchasing an additional 192,599 shares during the last quarter. Institutional investors own 49.40% of the company's stock.

TELUS Price Performance

Shares of NYSE:TU traded down $0.09 during trading on Friday, hitting $15.82. 2,794,847 shares of the company's stock were exchanged, compared to its average volume of 3,381,947. 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 has a 52-week low of $13.24 and a 52-week high of $16.88. The business's 50-day simple moving average is $16.26 and its 200 day simple moving average is $15.72. The company has a market cap of $24.28 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 4.64 and a beta of 0.72.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its earnings results on Friday, August 1st. The Wireless communications provider reported $0.16 earnings per share (EPS) 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 business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.63 billion. During the same quarter in the prior year, the business posted $0.25 EPS. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts predict that TELUS will post 0.71 EPS for the current year.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a $0.3019 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Wednesday, September 10th. This is a positive change from TELUS's previous quarterly dividend of $0.30. TELUS's dividend payout ratio is presently 260.87%.

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.