TELUS (NYSE:TU) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• TELUS has received a "Hold (C)" rating from Weiss Ratings, with one analyst rating it as a Buy and seven others issuing Hold ratings.
• The company's most recent quarterly earnings reported an EPS of $0.16, falling short of the estimated $0.17, while revenue surpassed expectations at $3.74 billion.
• Significant institutional investment activity was noted, with Goldman Sachs increasing its holdings in TELUS by 196.2%, acquiring over 7.8 million additional shares.

TELUS (NYSE:TU - Get Free Report) TSE: T's stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Scotiabank reiterated an "outperform" rating on shares of TELUS in a research note on Tuesday, July 15th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $21.50.

TELUS Price Performance

Shares of TU traded down $0.36 during trading hours on Wednesday, reaching $15.17. 4,781,731 shares of the stock traded hands, compared to its average volume of 3,371,426. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 1.72. The company has a market cap of $23.29 billion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of 4.58 and a beta of 0.71. The company's 50-day moving average price is $16.09 and its two-hundred day moving average price is $15.76. TELUS has a 52-week low of $13.24 and a 52-week high of $16.74.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings results on Friday, August 1st. The Wireless communications provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, analysts anticipate that TELUS will post 0.71 earnings per share for the current year.

Institutional Trading of TELUS

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in shares of TELUS by 196.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,836,479 shares of the Wireless communications provider's stock worth $169,735,000 after acquiring an additional 7,840,264 shares during the last quarter. Norges Bank bought a new stake in shares of TELUS during the 2nd quarter valued at $77,455,000. Arrowstreet Capital Limited Partnership lifted its position in shares of TELUS by 114.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,450,381 shares of the Wireless communications provider's stock valued at $103,624,000 after acquiring an additional 3,439,940 shares during the period. Bessemer Group Inc. lifted its position in shares of TELUS by 1,981,964.7% during the 2nd quarter. Bessemer Group Inc. now owns 3,428,972 shares of the Wireless communications provider's stock worth $54,969,000 after buying an additional 3,428,799 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of TELUS in the 2nd quarter valued at approximately $51,091,000. Institutional investors and hedge funds 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.

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