TELUS Corporation (NYSE:TU) Receives Consensus Recommendation 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%.

TELUS Corporation (NYSE:TU - Get Free Report) TSE: T has been assigned an average rating of "Hold" from the seven brokerages that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $21.50.

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

TELUS Stock Up 0.2%

Shares of TELUS stock traded up $0.03 during trading on Friday, reaching $15.85. The company had a trading volume of 1,167,967 shares, compared to its average volume of 3,370,275. The company has a market cap of $24.32 billion, a price-to-earnings ratio of 34.44, a price-to-earnings-growth ratio of 4.64 and a beta of 0.72. The firm's fifty day moving average is $16.25 and its 200-day moving average is $15.72. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.81 and a current ratio of 0.86. TELUS has a fifty-two week low of $13.24 and a fifty-two week high of $16.88.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its earnings results on Friday, August 1st. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.63 billion. TELUS had a net margin of 4.67% and a return on equity of 9.10%. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. On average, 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 will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be paid a $0.3019 dividend. This is a boost from TELUS's previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, September 10th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 7.6%. TELUS's dividend payout ratio (DPR) is currently 260.87%.

Institutional Investors Weigh In On TELUS

Institutional investors and hedge funds have recently bought and sold shares of the business. Parvin Asset Management LLC acquired a new stake in TELUS during the second quarter worth about $27,000. Farther Finance Advisors LLC raised its stake in TELUS by 71.9% during the first quarter. Farther Finance Advisors LLC now owns 2,321 shares of the Wireless communications provider's stock worth $33,000 after acquiring an additional 971 shares during the period. Blue Trust Inc. raised its stake in TELUS by 26.1% during the second quarter. Blue Trust Inc. now owns 3,227 shares of the Wireless communications provider's stock worth $52,000 after acquiring an additional 667 shares during the period. CWM LLC raised its stake in TELUS by 169.6% during the second quarter. CWM LLC now owns 3,658 shares of the Wireless communications provider's stock worth $59,000 after acquiring an additional 2,301 shares during the period. Finally, State of Wyoming acquired a new stake in TELUS during the second quarter worth about $61,000. Institutional investors and hedge funds own 49.40% of the company's stock.

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.