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 revenue; mobile technologies equipment sale; data revenues, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services. The Digitally-Led Customer Experiences segment provides digital customer experience and digital-enablement transformation solutions, including artificial intelligence and content management solutions. It has 16.9 million subscriber connections, which include 9.3 million mobile phone subscribers; 2.1 million connected device subscribers; 2.3 million internet subscribers; 1.1 million residential voice subscribers; 1.3 million TV subscribers; and 804,000 security subscribers. The company was formerly known as TELUS Communications Inc. and changed its name to TELUS Corporation in February 2005. TELUS Corporation was incorporated in 1998 and is headquartered in Vancouver, Canada.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on TU shares. Desjardins increased their price target on TELUS from C$34.50 to C$36.00 in a research note on Tuesday, May 10th. Scotiabank lifted their target price on shares of TELUS from C$33.50 to C$34.00 in a report on Thursday. Barclays downgraded shares of TELUS from an "overweight" rating to an "equal weight" rating and set a $26.00 price objective for the company. in a research report on Tuesday, May 10th. BMO Capital Markets decreased their target price on TELUS from C$37.00 to C$36.00 in a research report on Friday, June 17th. Finally, StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, TELUS presently has an average rating of "Moderate Buy" and a consensus price target of $34.06.
TELUS Price Performance
TU traded up $0.25 on Friday, hitting $23.60. 1,430,628 shares of the stock were exchanged, compared to its average volume of 1,078,155. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.58 and a quick ratio of 0.57. TELUS has a 12 month low of $21.34 and a 12 month high of $27.50. The firm has a market capitalization of $32.33 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 2.38 and a beta of 0.66. The business has a 50-day moving average of $22.66 and a two-hundred day moving average of $24.38.
TELUS (NYSE:TU - Get Rating) (TSE:T) last issued its quarterly earnings results on Friday, August 5th. The Wireless communications provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.10. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.45 billion. TELUS had a return on equity of 9.57% and a net margin of 10.35%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS. Sell-side analysts forecast that TELUS will post 1.01 EPS for the current fiscal year.
TELUS Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 9th will be paid a $0.265 dividend. This is an increase from TELUS's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.06 annualized dividend and a yield of 4.49%. TELUS's dividend payout ratio is presently 100.94%.