TELUS (TU) Rating Reiterated by TD Securities

TELUS (NYSE:TU) (TSE:T)‘s stock had its “buy” rating restated by TD Securities in a research report issued on Friday.

Several other research firms have also weighed in on TU. Desjardins restated a “buy” rating on shares of TELUS in a research report on Sunday, October 21st. Scotiabank lowered shares of TELUS from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. TELUS has an average rating of “Hold” and an average price target of $45.75.

TU opened at $34.74 on Friday. The stock has a market cap of $20.52 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.99 and a beta of 0.80. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.78. TELUS has a fifty-two week low of $33.64 and a fifty-two week high of $38.50.

TELUS (NYSE:TU) (TSE:T) last posted its quarterly earnings results on Thursday, November 8th. The Wireless communications provider reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.59 billion. TELUS had a net margin of 10.60% and a return on equity of 17.64%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. Analysts predict that TELUS will post 2.15 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwest Bancshares Inc. lifted its holdings in TELUS by 8.9% during the third quarter. Northwest Bancshares Inc. now owns 58,610 shares of the Wireless communications provider’s stock valued at $2,159,000 after purchasing an additional 4,789 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in shares of TELUS by 8.9% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,895,400 shares of the Wireless communications provider’s stock worth $135,215,000 after buying an additional 237,200 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in shares of TELUS by 1.8% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 141,768 shares of the Wireless communications provider’s stock worth $5,214,000 after buying an additional 2,445 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of TELUS by 6.1% in the second quarter. Bank of Nova Scotia now owns 4,391,318 shares of the Wireless communications provider’s stock worth $156,512,000 after buying an additional 251,243 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of TELUS in the second quarter worth about $1,688,000. 50.60% of the stock is currently owned by institutional investors and hedge funds.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.

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Analyst Recommendations for TELUS (NYSE:TU)

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