TELUS Corporation (NYSE:TU) (TSE:T) – Analysts at Desjardins cut their FY2018 earnings estimates for TELUS Corporation in a research report issued on Tuesday. Desjardins analyst M. Yaghi now anticipates that the Wireless communications provider will post earnings of $2.46 per share for the year, down from their prior estimate of $2.49.
TELUS Corporation (NYSE:TU) (TSE:T) last posted its earnings results on Friday, August 11th. The Wireless communications provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). TELUS Corporation had a return on equity of 18.75% and a net margin of 9.55%. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the firm posted $0.70 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis.
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A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut TELUS Corporation from a “hold” rating to a “sell” rating in a research report on Monday. Barclays PLC upped their target price on TELUS Corporation from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 14th. BMO Capital Markets upped their target price on TELUS Corporation from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, August 14th. Finally, BidaskClub cut TELUS Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. TELUS Corporation presently has an average rating of “Buy” and an average target price of $43.50.
TELUS Corporation (NYSE TU) traded down 0.69% on Thursday, hitting $35.88. 227,417 shares of the stock were exchanged. TELUS Corporation has a one year low of $30.31 and a one year high of $36.94. The company has a market cap of $21.31 billion, a P/E ratio of 20.87 and a beta of 0.89. The company’s 50 day moving average price is $36.05 and its 200-day moving average price is $34.79.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of TELUS Corporation by 1.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 24,907 shares of the Wireless communications provider’s stock valued at $860,000 after acquiring an additional 237 shares during the period. Financial Counselors Inc. boosted its position in shares of TELUS Corporation by 3.6% in the second quarter. Financial Counselors Inc. now owns 6,840 shares of the Wireless communications provider’s stock valued at $236,000 after acquiring an additional 240 shares during the period. Creative Planning lifted its position in TELUS Corporation by 2.9% in the second quarter. Creative Planning now owns 11,796 shares of the Wireless communications provider’s stock worth $407,000 after purchasing an additional 333 shares during the period. DORCHESTER WEALTH MANAGEMENT Co lifted its position in TELUS Corporation by 0.4% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 148,508 shares of the Wireless communications provider’s stock worth $5,123,000 after purchasing an additional 605 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in TELUS Corporation by 6.4% in the second quarter. Janney Montgomery Scott LLC now owns 10,114 shares of the Wireless communications provider’s stock worth $349,000 after purchasing an additional 611 shares during the period. 50.73% of the stock is owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were given a $0.3884 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.55 annualized dividend and a dividend yield of 4.30%. TELUS Corporation’s dividend payout ratio is 100.00%.
TELUS Corporation Company Profile
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
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