TELUS Corporation (NYSE:TU) (TSE:T) – Stock analysts at Desjardins upped their FY2017 earnings per share (EPS) estimates for TELUS Corporation in a research report issued on Tuesday. Desjardins analyst M. Yaghi now expects that the Wireless communications provider will post earnings of $2.19 per share for the year, up from their previous estimate of $2.16.
TELUS Corporation (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, August 11th. The Wireless communications provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.26 billion. TELUS Corporation had a net margin of 9.55% and a return on equity of 18.75%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 earnings per share.
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Several other research analysts also recently weighed in on the company. Zacks Investment Research
upgraded TELUS Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Friday, July 14th. Barclays PLC boosted their target price on TELUS Corporation from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, August 14th. BMO Capital Markets boosted their target price on TELUS Corporation from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, August 14th. Finally, BidaskClub upgraded TELUS Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $43.50.
TELUS Corporation (TU) opened at 36.05 on Wednesday. TELUS Corporation has a one year low of $30.31 and a one year high of $36.94. The stock’s 50 day moving average price is $36.05 and its 200-day moving average price is $34.79. The company has a market capitalization of $21.41 billion, a P/E ratio of 20.97 and a beta of 0.89.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were paid a dividend of $0.3884 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.55 annualized dividend and a yield of 4.30%. TELUS Corporation’s dividend payout ratio (DPR) is 100.00%.
Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its stake in TELUS Corporation by 237.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,782 shares of the Wireless communications provider’s stock worth $130,000 after buying an additional 2,662 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in TELUS Corporation during the 2nd quarter valued at about $156,000. Perkins Coie Trust Co purchased a new stake in TELUS Corporation during the 2nd quarter valued at about $173,000. Kassirer Asset Management Corp purchased a new stake in TELUS Corporation during the 2nd quarter valued at about $209,000. Finally, Wells Fargo & Company MN grew its stake in TELUS Corporation by 38.9% during the 2nd quarter. Wells Fargo & Company MN now owns 6,544 shares of the Wireless communications provider’s stock valued at $226,000 after purchasing an additional 1,833 shares during the last quarter. Hedge funds and other institutional investors own 50.73% of the company’s stock.
About TELUS Corporation
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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